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1989 (4) TMI 2 - SC - Income Tax
Statutory Agent - reassessment u/s 147(b) on non-resident to reapportion overhead expenses between income from sales and from commission - Whether the Tribunal was right in holding that the reassessments being only consequent to a change as to the method of computation of the profits, the initiation of proceedings u/s148 was justified - Held, yes - Whether the Tribunal was right in law in holding reassessment proceedings could not be initiated against the assessee direct