Reopening of assessment - notice u/s 148 A(b) - if the ...

Income Tax

October 15, 2022

Reopening of assessment - notice u/s 148 A(b) - if the provisions of Section 149(1)(b) of the Act of 1961 are considered, it is seen that only if the amount in question that is likely to have escaped assessment is Rs.50,00,000/- or more, the time limit for issuing notice to re-open the assessment is three years but less than ten years. - HC

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Reopening of assessment - notice u/s 148 A(b) - if the ...

Income Tax

October 15, 2022

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