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ITAT Sets Aside Reassessment, Says Rs 3.5 Lakh Escaped Income Below Rs 50 Lakh Threshold for Extended Limitation
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ITAT Sets Aside Reassessment, Says Rs 3.5 Lakh Escaped Income Below Rs 50 Lakh Threshold for Extended Limitation
ITAT Sets Aside Reassessment, Says Rs 3.5 Lakh Escaped Income Below Rs 50 Lakh Threshold for Extended Limitation The ITAT Agra quashed the entire reassessment proceedings in the Rs 3.50 lakh deduction disallowance case, noting the Section 148 notice was time-barred. The tribunal highlighted that the alleged escaped income was only Rs 3.50 lakh, which […]
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