SEC 148 INCOME TAX

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..... SEC 148 INCOME TAX
Query (Issue) Started By: - puneet virmani Dated:- 26-2-2016 Last Reply Date:- 6-11-2016 Income Tax
Got 1 Reply
Income Tax
3 BROTHERS SOLD PROPERTY AS 1/3RD YEAR EACH, .....

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..... ALL INVESTED IN SEPARATE PROPERTY AND TAKEN BENEFIT U/S 54..ONE BROTHER WAS ASSESSED U/S 143(3) WHEREIN DEMAND WAS CREATED ON BASIS OF DIFFERENCE IN VALUATION OF PROPERTY RATES I.E CIRCLE RATES. REST .....

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..... TWO BROTHERS RECEIVED NOTICE FROM I.T.O FOR REASSESSMENT U/S 147...... QUERY IS WEATHER ITO ON BASIS OF ADDITION IN INCOME OF ONE BROTHER CAN ITO GIVE NOTICE N REASSESS OTHER TWO BROTHERS, IT THIS ADD .....

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..... ITION A SUBSTANTIAL EVIDENCE TO REASSESS. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether the addition in respect of first brother is confirmed? If so whether he went for in appeal? If it is c .....

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..... onfirmed for the first brother, on the basis of the same, assessment can be reopened. However you may contest the notice on reassessment.
Discussion Forum - Knowledge Sharing .....

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