TMI BlogRe-assessment under Income Tax Act Sections 147/148: Section 50C Applicability Doesn't Imply Income Escapement.Validity of re-assessment proceedings u/s 147/148 of the Act - full value of consideration u/s 50C - on mere applicability of section 50C would not disclose any escapement of income. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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