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AO can initiate proceedings either u/s 143(2) or 147 of IT Act before completion of Assessment of Deemed Income Escapement: ITAT
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that assessing officers could initiate proceedings either under...
![Operation of Rule 8D for allocating Expenditure in relation to Exempt Income is Prospective in nature: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Supreme-Court-Tax-Scan.jpg "Operation of Rule 8D for allocating Expenditure in relation to Exempt Income is Prospective in nature: SC [Read Judgment]")