The initial assessment list is actually towards the Evaluating Administrator

The initial assessment list is actually towards the Evaluating Administrator

S. 147: Reassessment – After the expiry out of number of years – Declaration out of analysis wing – Non applying of attention because of the Assessing Manager – Find maybe not good [S.148, Artwork, 226]

Making it possible for the fresh petition the latest Courtroom held the Examining Administrator had not used his separate notice while recording the causes your money got fled assessment. This new scrutiny review ended up being confronted by assessee-business additionally the notice try pending through to the Appellate Tribunal. As problem of so-called purchase out-of Rs. seven,50,055 is before additional from the Assessing Officer lower than area 68 of your own Work during the amazing review phase, a similar number cannot be delivered to taxation again throughout the reassessment process. It was not the truth of one’s Revenue your deal as outlined by the new Exploring Side, Surat is distinct and had zero relatives on the before analysis review made around section 143(3) of your Work. Therefore, as a result discover no tangible question in the possession of off the fresh new Evaluating Officer to possess reopening of process. ( AY.2012-13)

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