INCOME TAX : Where Assessing Officer reopened assessments for reasons that during assessment years 2013-14 and 2015-16 assessee had earned income by way of freight and this had not been routed through profit and loss account of relevant financial years and assessee contended that these kind of transactions and income derived had already been disclosed in earlier years, assessee was to be directed to take all defences before Assessing Officer who will consider same and take decisionINCOME TAX : Where Assessing Officer reopened assessments for reasons that during assessment years 2013-14 and 2015-16 assessee had earned income by way of freight and this had not been routed through profit and loss account of relevant financial years and assessee contended that these kind of transactions and income derived had already been disclosed in earlier years, assessee was to be directed to take all defences before Assessing Officer who will consider same and take decisionwww.taxmann.com Latest Case LawsRead More
