Thursday, 28 August 2014

No reassessment by AO to deny sec. 36(1)(viii) relief on basis of material considered during origina

IT: Where Assessing Officer allowed assessee's claim for deduction under section 36(1)(viii) in assessment framed under section 143(3), subsequently on basis of same material on record, he could not initiate reassessment proceedings taking a view that excess benefit was granted to assessee in terms of provisions of Act


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