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Reopening of assessment permissible even if no scrutiny assessment – reason to believe escapement of income must exist
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Corporate Tax
Reopening of assessment permissible even if no scrutiny assessment – reason to believe escapement of income must exist
Posted on
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September 12, 2013
Tenet Tax Daily September 12 2013
By
tenettax-team
Corporate Tax
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Foreign company computing income as per a method unknown to the law of India would be qequired to correct the same in reversionary proceedings
Speculative loss – When neither any payment was made nor any delivery was taken in respect of shares, short-term capital loss would be treated as speculation loss
