If Income Tax authorities (ITA) have reasons to believe that any income chargeable to tax has escaped assessment for any assessment year, they may reassess such income. They may also include any other income which has escaped assessment, and which comes to their notice subsequently during the course of reassessment proceedings.If Income Tax authorities (ITA) have reasons to believe that any income chargeable to tax has escaped assessment for any assessment year, they may reassess such income. They may also include any other income which has escaped assessment, and which comes to their notice subsequently during the course of reassessment proceedings.taxmann.com Latest ArticlesRead More
