In a recent ruling, a division bench of the Gujarat High Court has held that an assessment re-opened under section 148 of the Income Tax Act, 1961 is legally invalid if the same was framed after the limitation period of four years. The High Court hearing a petition filed by Jayesh T. Kotak wherein the […]
The post Income Tax Assessment can’t be Reopened after Four Years: Gujarat HC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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