The Supreme Court has ruled that the income tax (I-T) department cannot reopen completed assessments under Section 153A of the I-T Act, unless "incriminating material" is found during search and seizure operations.
source https://www.caclubindia.com/articles/sc-limits-tax-authorities-power-to-reopen-completed-assessments-without-incriminating-material-49592.asp
source https://www.caclubindia.com/articles/sc-limits-tax-authorities-power-to-reopen-completed-assessments-without-incriminating-material-49592.asp
Post a Comment
Please drop your feedback, suggestions, query or feedback