SC Limits Tax Authorities' Power to Reopen Completed Assessments Without Incriminating Material

Rashmi , Last updated: 27 April 2023 Share Follow on Google News

The Supreme Court has ruled that the income tax (I-T) department cannot reopen completed assessments under Section 153A of the I-T Act, unless incriminating material is found during search and seizure operations. This means that the tax authorities cannot issue reassessment orders for completed asse

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About the Author

Rashmi

business

I am a Chartered Accountant with over 2 decades of experience in Auditing, Taxation, Accounting, Due diligence. I am currently a Managing Partner at RRL Global Services. I can be reached at rrlglobal @ yahoo.com or @ 9811757230

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