Saturday, September 26, 2020

No Notice of Reassessment can be issued after 4 years of Assessment, If assessee fully and truly discloses all information: Bombay HC grants relief to SBI

The Bombay High court while quashing the notices issued under Section 148 of the Income Tax Act to State Bank of India (SBI) held that no notice of reassessment can be issued after 4 years of assessment, if the assessee has fully and truly disclosed all information necessary for assessment. The Petitioner SBI is a […]

from Taxscan | Simplifying Tax Laws https://ift.tt/343IcuK

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