Powers of the AO to re-open assessment u/s 148 are not un-abundant or luxuriant.

CA Pawan Maloo , Last updated: 03 July 2015  
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Powers of the AO to re-open assessment u/s 148 are not un-abundant or luxuriant Section 147 and 148 of Income Tax Act is a well designed weapon for the Income Tax Department empowering it to assess, re-assess or re-compute income, turnover etc. which has escaped assessment. Sec. 147 and Section 1

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Published by

CA Pawan Maloo
(Practicing Chartered Accountant)
Category Income Tax   Report

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