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Income Tax - Highlights / Catch Notes

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Review petition - Reassessment u/s 147 - Scope of the proviso to ...


Reassessment under IT Act Section 147: Proviso to Section 14A Protects Taxpayers from Arbitrary Reopening of Concluded Assessments.

April 6, 2013

Case Laws     Income Tax     HC

Review petition - Reassessment u/s 147 - Scope of the proviso to the Section 14A - The proviso is not procedural but guarantees vested rights of parties against reopening concluded assessments. - HC

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