January 2011

Section 147, Section 148

Gujarat H.C : Where material on which Assessing Officer had formed belief as regards escapement of income was assessment order for year 2006-07, which on date of reopening of assessment for year under consideration was set aside by Commissioner (Appeals) and as such had no existence in eyes of law, reopening of assessment could not be sustained

High Court of Gujarat P.G. Foils Ltd. vs. DCIT Assessment year : 2005-06 Section : 147, 148 MS. HARSHA DEVANI

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