Reassessment proceedings - during the pendency of the ...

Reassessment u/ss 147/148 not allowed during ongoing Section 154 rectification; High Court erred on limitation period.

December 16, 2022

Case Laws Income Tax SC

Reassessment proceedings - during the pendency of the proceedings u/s 154 for rectification of error, it was not permissible on the part of the Revenue to initiate the proceedings u/s 147/148 of the Act - The High Court has erred in presuming and observing that the proceedings u/s 154 were invalid because the same were beyond the period of limitation. - SC

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Reassessment proceedings - during the pendency of the ...

Reassessment u/ss 147/148 not allowed during ongoing Section 154 rectification; High Court erred on limitation period.

December 16, 2022

Case Laws Income Tax SC

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