Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2011 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (12) TMI 336 - HC - Income TaxIncome escaping assessment - TDS - Purchase of raw material - disallowance - held that:- the assessee contended that the provisions of Section 195 of the Act (for deduction of tax at source) are not applicable, when no part of payment made to non-resident is chargeable to tax in India - assessment is sought to be reopened within a period of 4 years from the end of relevant assessment year- the basic requirement for reopening the assessment that the Assessing Officer has to have reason to believe that the income chargeable to tax has escaped assessment, would continue to apply-both the petitions are allowed and Notices impugned are quashed.
|