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2012 (8) TMI 613 - ALLAHABAD HIGH COURTReassessment proceedings – Held that:- Each assessment year is taken to be an independent unit of assessment and the provisions of the Act applies separately, even where there has been escapement of income, the Assessing Officer is obliged to issue separate notice for each assessment year - Assessing Officer in the present case admittedly has not issued separate notice under section 148 of the Act and instead had issued a composite notice which does not meet the requirement of section 148 of the Act - entire reassessment proceedings are wholly without jurisdiction
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