5 results for “reassessment”+ Section 160clear
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In the result, the assessee’s appeal is dismissed
Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi.T.A. No. 375/Asr/2016 Assessment Year: 1998-99
reassessment, which therefore is a mistake apparent from record liable for rectification. Reliance is placed on the decision in Datamatics Ltd. v. Asst. CIT [2008] 299 ITR (AT) 286 (Mum). The Revenue rebuts this, stating that the levy of interest u/s. 234B, i.e., toward shortfall in the advance-tax, reckoned with reference to the assessed tax – defined