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Income Tax - Highlights / Catch Notes

Home Highlights January 2013 Year 2013 This

Reassessment - as long as the assessee makes a full and true ...


Honest Income Disclosure by Taxpayer Doesn't Count as Wrong, Even if Filed Under Incorrect Category.

January 24, 2013

Case Laws     Income Tax     HC

Reassessment - as long as the assessee makes a full and true disclosure of the income, the fact that it might claim that as falling under one head which is ultimately not accepted, would not make it a wrong disclosure, or suppression. - HC

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