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2012 (6) TMI 616 - PUNJAB AND HARYANA HIGH COURT
Reassessment – income escaped assessment under section 147 of the Act – Addition subsequently in the course of assessment proceedings – Held that:- Explanation 3 to section 147 clearly depicts that the Assessing Officer has power to make additions even on the ground on which reassessment notice might not have been issued in case during the reassessment proceedings, he arrives at a conclusion that some other income has escaped assessment which comes to his notice during the course of proceedings for reassessment under section 148 of the Act. The provision no where postulates or contemplates that it is only when there is some addition on the ground on which reassessment had been initiated, that the Assessing Officer can make additions on any other ground on the basis of which income may have escaped assessment – Against Assessee.