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No reassessment after 4 years if all material facts were disclosed by assessee during original assessment

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  • No reassessment after 4 years if all material facts were disclosed by assessee during original assessment
Posted onon June 21, 2016

Tenet Tax Daily June 20 2016

By tenettax-team
Corporate Tax

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No concealment penalty could be imposed just because an expenditure was disallowed due to TDS default
Reimbursement of salary of seconded employees to AE couldn’t be treated as ‘FTS’ to attract TDS under sec. 194J

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