Reassessment against company not in existence - assessment of ...

Income Tax

August 1, 2020

Reassessment against company not in existence - assessment of income in the year of discontinuance or even after discontinuance - Tribunal committed an error in not specifying as to what would be the relevant time in the case on hand. Our answer would be, the relevant time would be when the Company was in existence during the assessment year 2000-01, that alone would be the relevant time and the relevant year for the assessee's case. - HC

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Reassessment against company not in existence - assessment of ...

Income Tax

August 1, 2020

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