Reopening of assessed income
This query is : Resolved
01 June 2012
Please tell me the powers of A.O.(with relevent section) to reopen/reassess an assesed income for a particular year of a Pvt Ltd Co.
Thanks
Sameer
Thanks
Sameer
01 June 2012
Section 147 of the Income Tax Act gives power to the AO to reopen an assessment.
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