Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2008 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (10) TMI 327 - HC - Income TaxReassessment notice – time limit - , in fact, not only there is no failure on the part of the assessee even alleged, but it is accepted that an incorrect assessment is framed due to an error on the part of the Assessing Officer. - the petitioner has made a full disclosure of material facts in the return of income filed by him for the relevant assessment year, which is accompanied with several enclosures, including enclosure B in which a summary of short-term and long-term capital gains has been disclosed meticulously, and item-wise. - It is the statutory duty of the Assessing Officer to record reasons for issuing notice under section 148 of the Act and reasons recorded cannot further be supplemented or explained by a subsequent order so as to give an entirely different complexion to the case. – Held that notice issued beyond four years was not valid
|