AO can initiate reassessment on basis of new info. arising out of evidences submitted during original assessment: HC

INCOME TAX : Where Assessing Officer was able to trace out new informations/material from and out of materials submitted by assessee, such new informations/materials undoubtedly would provide Assessing Officer for ‘reason to believe’ to reopen assessmentINCOME TAX : Where Assessing Officer was able to trace out new informations/material from and out of materials submitted by assessee, such new informations/materials undoubtedly would provide Assessing Officer for ‘reason to believe’ to reopen assessmentwww.taxmann.com Latest Case LawsRead More

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