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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Reopening of assessment - subsequent information or material ...


Reassessment Triggered by New Information Impacting Initial Findings u/s 143(3) of Income Tax Act.

March 30, 2019

Case Laws     Income Tax     HC

Reopening of assessment - subsequent information or material which tends to or has the potential of undermining its findings of assessment made u/s 143(3) and have an important bearing then invocation of the power to reassessment u/s 147 is warranted.

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