Thursday, August 6, 2020

Assessing Officer has no Power to Review but has Power to Reassess: Madras High Court [Read Judgment]

The Madras High Court, while dismissing the appeal filed by the revenue held that the Assessing Officer has no power to review and he has the power to reassess. The assessee, K.R.Jayaram is an individual engaged in Real-Estate business, filed his return of income for the assessment year 2009-10, declaring the total income of Rs.1,31,99,850/-. […]

from Taxscan | Simplifying Tax Laws https://ift.tt/31p2fCO

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