11 results for “reassessment u/s 147”+ Section 11(5)clear
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In the result, appeal of the assessee is allowed
Bench: Shri A. D. Jain & Shri T. S. Kapoorassessment Year:2007-08 Smt. Lalita Bai Khandelwal V. Income Tax Officer Mangalwara Chouraha Ward 1 Babai, Hoshangabad
5 of 6 allowance or any other allowance, as the case may be, for the assessment year concerned. But in this case the Assessing Officer has not recorded his belief that any income has escaped assessment but he has recorded that income to the extent given in the reasons has escaped verification and in my considered view, such could