Wednesday, 17 July 2013

Reassessment based on additional reasons recorded after service of reassessment notice not valid

IT: Where Assessing Officer reopened assessment of assessee after recording reasons and served on it a notice under section 148 on 19-1-2010, additional reasons recorded by Assessing Officer subsequent to issuance of notice under section 148 could not be looked into for purposes of determining validity of proceedings initiated under notice dated 19-1-2010


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