Reassessment initiated solely based on info. already on record of original assessment is unjustified; SLP dismissed

INCOME TAX : SLP dismissed against impugned order of High Court holding that where Assessing Officer had issued reopening notice under section 148 on grounds that assessee was allowed excessive deductions under section 80-IB and section 80-IC, since Assessing Officer was acting solely on basis of information and material already on record of original assessment impugned notice issued beyond period of four years was unjustifiedINCOME TAX : SLP dismissed against impugned order of High Court holding that where Assessing Officer had issued reopening notice under section 148 on grounds that assessee was allowed excessive deductions under section 80-IB and section 80-IC, since Assessing Officer was acting solely on basis of information and material already on record of original assessment impugned notice issued beyond period of four years was unjustifiedwww.taxmann.com Latest Case LawsRead More

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