Court Limits Reopening Tax Assessments to Initial Oversights; Emphasizes Diligence u/ss 147 & 148 of Income Tax Act.

Reopening of assessment - failure of the AO to apply the mind during the regular assessment - the power under Section 147/148 of the Act is not to be exercised to correct mistakes made during the regular assessment proceedings. - HC .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X