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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Reopening of assessment u/s 147 - Section 80(IB)(10)(d) will be ...

Income Tax

August 21, 2019

Reopening of assessment u/s 147 - Section 80(IB)(10)(d) will be applicable prospectively - there is no such condition to have completion certificate within four years from the local authority granting approval of the projects in question, the reassessment proceedings taken against the assessee are bad and against the settled principle of law - re-assessment rightly set aside

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