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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Block assessment - action u/s.158BD - period of limitation - if ...


Taxpayer Shielded from Prolonged Scrutiny Due to Delayed Action by Tax Authorities u/s 158BD.

August 2, 2012

Case Laws     Income Tax     AT

Block assessment - action u/s.158BD - period of limitation - if the Authorities failed to utilize and communicate such information on time, then the Assessee could not be penalized and kept in the loop of the Authorities for such a long period of 7 (seven) years - AT

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