Reopening of assessment - When once therefore, a scheme has been ...

High Court Sanctioned Scheme Alters Assessment: Assessee Entitled to Benefits Despite Timing of Order Issuance.

July 23, 2016

Case Laws Income Tax HC

Reopening of assessment - When once therefore, a scheme has been sanctioned by the High Court, which would relate back to the appointed date and such order is passed before the order of assessment is passed, it cannot be stated that the assessee should be denied the benefit of such development merely on the ground that during the accounting period and when the return was filed, the High Court order sanctioning the scheme was not yet passed. - HC

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Reopening of assessment - When once therefore, a scheme has been ...

High Court Sanctioned Scheme Alters Assessment: Assessee Entitled to Benefits Despite Timing of Order Issuance.

July 23, 2016

Case Laws Income Tax HC

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