Tuesday 25 February 2014

Failure to initiate scrutiny assessment won't stop AO from re-assessment if sec. 147 ingredients are

IT: So long as ingredients of section 147 are fulfilled, Assessing Officer is free to initiate proceeding under section 147 and failure to take steps under section 143(3) will not render Assessing Officer powerless to initiate reassessment proceedings even when intimation under section 143(1) has been issued


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