Reassessment under income tax act 1961- Some issues
GOVINDARAJAN, M
Reassessment under income tax act 1961- Some issues - 2012 - 81-87
Every assessee is liable to pay income tax on his earned income subject to the provisions of Income Tax Act, 1961. If any imcome is found to be not included in the income of the assessee, the assessing officer is having the ower to reassess subject to the provisions contained in section 147 to 153 of the Act. In this article the term 'reassessment' has been discussed in detail and the various issues involved in reassessment are discussed with reference to the decided case laws.
TAXATION
336.2
Reassessment under income tax act 1961- Some issues - 2012 - 81-87
Every assessee is liable to pay income tax on his earned income subject to the provisions of Income Tax Act, 1961. If any imcome is found to be not included in the income of the assessee, the assessing officer is having the ower to reassess subject to the provisions contained in section 147 to 153 of the Act. In this article the term 'reassessment' has been discussed in detail and the various issues involved in reassessment are discussed with reference to the decided case laws.
TAXATION
336.2