Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Bombay HC affirms fresh assessment under Income-tax Act section 143(3)</h1> The Bombay HC upheld the Appellate Assistant Commissioner's decision for a fresh assessment by the Income-tax Officer under section 143(3) of the ... Reference, Original Assessment The Bombay High Court considered a case where the Appellate Assistant Commissioner set aside the entire assessment with a direction for a fresh assessment to be made de novo. The Income-tax Officer was found to have the same powers for the fresh assessment as in the original assessment under section 143(3) of the Income-tax Act. The Court concluded that the Income-tax Officer acted appropriately in making the fresh assessment based on available material. However, due to the absence of the assessee during the proceedings, the Court returned the reference unanswered.