Recognizing that the assessment reopened well within the time limit, the Madras HC dismissed the petition
In a recent ruling, the Madras High Court ruled that reopening assessment under Section 148 of the Income Tax Act, 1961 within the time limit cannot be interfered with if there was an escapement of income. Express Infrastructure Private Limited, the petitioner’s assessment was reponed under Section 148 of the Income Tax Act, 1961 by…
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