2 results for “reassessment”+ Section 43clear
Sorted by relevance
In the result, the Revenue's appeal is dismissed as not maintainable
Bench: Shri Sanjay Arora, Hon’Ble & Shri Manomohan Das, Hon'Ble
reassessment dated 21/3/2016, thus, had no tax impact inasmuch as the tax payable was only consequent to the deemed total income u/s. 115-JB. No penalty, even as explained in CIT v. Nalwa Sons Investment Ltd. [2010] 327 ITR 543 (Del), is leviable u/s. 271(1)(c) under such circumstances. Special Leave Petition (SLP) against the said decision has been