16 results for “reassessment”+ Section 27clear
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Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA
reassessed. To confer jurisdiction under Section 147(a) two conditions were required to be satisfied firstly the Assessing Officer must have reason to believe that income profits or gains 22 chargeable to income- tax have escaped assessment, and secondly he must also have reason to believe that such escapement has occurred by reason of either (i) omission or failure