So long as income chargeable to tax has escaped assessment and ...

Assessing Officer Can Revise Overlooked Income if Discovered or Informed, Within Prescribed Limitation Period.

December 7, 2011

Case Laws Income Tax HC

So long as income chargeable to tax has escaped assessment and the Assessing Officer has reason to believe so, whether suo motu found by him from records or whether brought to his notice by the audit party or any other agency, the Assessing Officer will be justified in revising the assessment within the period of limitation provided therein.... - HC

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So long as income chargeable to tax has escaped assessment and ...

Assessing Officer Can Revise Overlooked Income if Discovered or Informed, Within Prescribed Limitation Period.

December 7, 2011

Case Laws Income Tax HC

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