132 results for “reassessment”+ Section 153(5)clear
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Bench: Sh. Ravish Sood & Dr. M. L. Meena
153, assess or reassess such income and any other income chargeable to tax which has escaped assessment. Section 148 of the Act pertains to the issue of notice where income has escaped assessment. Sub-section (1) of section 148 provides that before making assessment or recomputation under section 147, the Assessing Officer shall serve on the assessee a notice requiring