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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Reopening of assessment for second time on the day on which the ...

Case Laws     Income Tax

December 28, 2018

Reopening of assessment for second time on the day on which the first reassessment was completed on 31.03.2015 is bad in law. Even if there was escapement of income, the AO ought to have brought to taxation on the basis of notice issued on 03.10.2013 u/s 148.

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