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Income Tax - Highlights / Catch Notes

Home Highlights October 2019 Year 2019 This

Reassessment u/s 147 r.w.s 143(3) - continuance of assessment ...


Reassessment u/s 147 with Section 143(3) continues despite stay on final order, lawful under statute.

October 25, 2019

Case Laws     Income Tax     HC

Reassessment u/s 147 r.w.s 143(3) - continuance of assessment proceedings during stay period - The stay is operating against passing of the final assessment order. That does not mean that the continuation of the reassessment proceedings, in the mean time would be contrary to the statute.

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