SC issued notice in SLP filed against quashing reassessment initiated on opinion formed by Commission appointed by CG

INCOME TAX : Notice issued in SLP against High Court’s ruling that where in case of assessee carrying on business of mining and trading of iron ore, assessment was completed under section 143(3), in absence of any independent material on record, assessment could not be reopened merely on basis of opinion formed by Commission appointed by Central Government that there was under-invoicing of exports by assesseeINCOME TAX : Notice issued in SLP against High Court’s ruling that where in case of assessee carrying on business of mining and trading of iron ore, assessment was completed under section 143(3), in absence of any independent material on record, assessment could not be reopened merely on basis of opinion formed by Commission appointed by Central Government that there was under-invoicing of exports by assesseewww.taxmann.com Latest Case LawsRead More

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