237 results for “reassessment u/s 147”+ Section 36(1)(iii)clear
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In the result, the appeal of the Revenue and the Cross-objection of the assessee, both are dismissed
Bench: Shri Sandeep Gosain & Shri Amarjit Singh
36(l)(vii), 28(ii)(c). The phrase 'wholly and exclusively for the purposes of has been used in sections 37 and 57(iii). On going through the use of the above and other similar expressions in different parts of the Act, it is clearly borne out that these have not been used interchangeably. The Legislature is fully conscious