Wednesday 26 March 2014

Assessment already completed on basis of seized docs can't be reopened on mere change of opinion

IT : Where Assessing Officer on basis of documents impounded during survey, passed an assessment order under section 143(3), he could not initiate reassessment proceedings subsequently by merely taking a view that in terms of entries recorded on a loose paper impounded during survey, certain income chargeable to tax had escaped assessment


No comments:

Post a Comment