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Income Tax - Highlights / Catch Notes

Home Highlights April 2013 Year 2013 This

Assessment of firm - In case of re-constitution of the firm, the ...


Firm Re-constitution: Entire Previous Year Must Be Assessed, Date of Change Irrelevant, Per Income Tax Case Law.

April 9, 2013

Case Laws     Income Tax     HC

Assessment of firm - In case of re-constitution of the firm, the assessment has to be made in respect of entire previous year, irrespective of the fact that the firm was re-constituted on 20.10.1977 - HC

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