Madras High Court held that no review on the original assessment order is permissible in the reassessment proceedings initiated under Section 147 of the Income Tax Act, 1961. The respondent assessee, M/s. Safe Corrugated Containers Pvt Ltd incurred loss of a sum of Rs.26,51,684 out of sale of shares and the said loss was debited […]
from Taxscan | Simplifying Tax Laws https://ift.tt/3mwgS0T
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