Thursday 6 February 2014

Reassessment notice is valid when it is prima-facie apparent from record that it’s issued within pre

IT: Where it was apparent from records that escaped assessment was more than Rs. One lakh and notice under section 148 had been issued within a period of six years from end of relevant assessment years, in view of provisions of clause (b) of section 149(1), notice so issued could not be quashed on ground of limitation


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