149 results for “reassessment u/s 147”+ Section 149clear
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Bench: Ms. Suchitra Kamble, Judical Member & Shri Narendra Prasad Sinha
u/s. 149(1)(b) of the Act, which stipulates that the cases beyond 4 years cannot be reopened unless the income escaped assessment is Rs.1 Lakh or more. In the present case, the provision of Section 149(1)(c) of the Act was applicable and no quantification was required if the cases were reopened in respect of escapement