Re-assessment u/s 147 of Income Tax Act After Expiry of Four years from End of Relevant Year of Assessment is Invalid: ITAT [Read Order]

Re-assessment - Income Tax Act After Expiry of Four years from End of - Relevant Year of Assessment is Invalid -ITAT - TAXSCAN

The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the reopening of assessment under section 147 of the Income Tax Act,1961 after the expiry of four years from the end of the relevant year of assessment was invalid.  Jaguar and Company Pvt Ltd, the appellant assessee appealed against the order passed…

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