Inquiry under income-tax procedure: prior approval removed and scheme-based information excludes show-cause opportunity before reopening. The amendment removes the requirement for prior approval of the specified authority before issuing a show cause notice under the pre-reopening inquiry, ... Summary
Inquiry under income-tax procedure: prior approval removed and scheme-based information excludes show-cause opportunity before reopening.
The amendment removes the requirement for prior approval of the specified authority before issuing a show cause notice under the pre-reopening inquiry, and adds that the inquiry provision does not apply where the Assessing Officer has received information under the scheme notified under section 135A pertaining to income escaping assessment in the assessee's case.
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