Books of account - Reopening of an assessment

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Books of account - Reopening of an assessment
Query (Issue) Started By: - Dharmender Batra Dated:- 14-5-2010 Last Reply Date:- 21-5-2010 Income Tax
Got 1 Reply
Income Tax
Is there any rul .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e/case law that unless there is flaw in books of accounts, the case cannot be reopened or reassessed. If it is there please give its reference. Reply By Surender Gupta: The Reply: You may read section .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 145(3) with section 144. As per section 145(3), (3) Where the Assessing Officer is not satisfied about the correctness or completeness of the accounts of the assessee, or where the method of accounti .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ng provided in sub-section (1) or accounting standards as notified under sub-section (2), have not been regularly followed by the assessee, the Assessing Officer may make an assessment in the manner p .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rovided in section 144.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X