Reopening of assessment - notice u/s 148 A(b) - if the ...

Reopening Tax Assessments u/s 148A(b) Requires Rs. 50L+ Escaped Income, Notice Within 3-10 Years Per Section 149(1)(b.

October 15, 2022

Case Laws Income Tax HC

Reopening of assessment - notice u/s 148 A(b) - if the provisions of Section 149(1)(b) of the Act of 1961 are considered, it is seen that only if the amount in question that is likely to have escaped assessment is Rs.50,00,000/- or more, the time limit for issuing notice to re-open the assessment is three years but less than ten years. - HC

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Reopening of assessment - notice u/s 148 A(b) - if the ...

Reopening Tax Assessments u/s 148A(b) Requires Rs. 50L+ Escaped Income, Notice Within 3-10 Years Per Section 149(1)(b.

October 15, 2022

Case Laws Income Tax HC

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