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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Direction to IT department to examine source of fund - ...


Petition to Examine Source of Funds Denied Due to Expired Timeframe for Reopening Tax Assessments.

June 5, 2019

Case Laws     Income Tax     HC

Direction to IT department to examine source of fund - petitioner made a complaint with the Income Tax Authorities - the assessment for the relevant period are already over as well as the stipulated period during which the assessments could be reopened has also expired - petition is highly belated and no direction can be granted

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