3 results for “reassessment u/s 147”+ Section 153clear
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In the result, the appeal of assessee in ITA No
Bench: Shri S.S. Viswanethra Ravi
reassessment by issuing a notice u/s. 148 of the Act. In the present case the time limit to complete assessment u/s. 143 or 144 got expired from the end of two years of assessment year in which the income was assessable i.e. 31-03-2012 being A.Y. 2009-10. Therefore, the AO has no option except to reopen the assessment