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2012 (12) TMI 207 - AT - Income TaxRe-assessment proceedings - proceedings u/s 147 were initiated on the ground that the assessee has claimed excess deduction u/s 80HHC – Held that:- AO accepted the returned income claiming the deduction u/s 80HHC of the Act - Once this was done, the AO has no jurisdiction to go on making further additions, while the same has been done by the AO in this case - AO may assess or reassess the income in respect of any issue which comes to his notice subsequently in the course of the assessment proceedings though the reasons for such issue were not included in the notice; however, if after issuing a notice under s. 148, the AO accepted the contention of the assessee and holds that the income which he has initially formed a reason to believe had escaped assessment, has as matter of fact not escaped assessment, it is not open to him independently to assess some other income – in favor of assessee
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