Is the assessing officer empowered to assess an income which is chargeable to tax and has escaped assessment, in a case which is pending before the appellate tribunal ?
Please help! Thanks.
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Income escaping Assessment
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As per amendment in FA2008,AO cannot institute proceedings if the same is pending before ITAT, but for same assesee, same AY, but FOR DIFFERENT SOURCE OF INCOME, such proceedings is valid.
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