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Income Tax - Highlights / Catch Notes

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Reassessment u/s 147 – Reopening of assessment – when falsity ...


Reopening Tax Assessments: Section 147 Allows Action on False Information in Original Returns Despite Initial Acceptance.

April 3, 2014

Case Laws     Income Tax     HC

Reassessment u/s 147 – Reopening of assessment – when falsity comes to notice the assessee cannot turned around and say that since “you accepted my lie, now your hands are tied and you can do nothing“ - HC

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