Wednesday, August 29, 2018

Both ACIT and JCIT can sanction Notice for Re-Opening of Assessment: Allahabad HC

A division bench of the Allahabad High Court has held that both the Assistant Commissioner of Income Tax (ACIT) and the Joint Commissioner of Income Tax (JCIT) are competent officers for sanctioning issue of re-opening assessment notice under sections 147/ 148 of the Income Tax Act, 1961. The appellant- assessee sold two pieces of land […]

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