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Income Tax - Highlights / Catch Notes

Home Highlights January 2013 Year 2013 This

Escaped assessment – Merely because the format in which the ...


High Court Rules Taxpayers Must Disclose All Relevant Facts Despite Tax Return Format Limitations.

January 1, 2013

Case Laws     Income Tax     HC

Escaped assessment – Merely because the format in which the return is required to be filed does not provide for any column wherein the assessee is required to state that this is a search case and that he had made certain disclosures during the course of search, does not mean that an assessee is not required to disclose other facts that are material for his assessment - HC

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