Tax on income from manufacture of Rubber and Coffee - Clarification regarding reassessment of income for the assessment years prior to assessment year 2002-03
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Reassessment restrictions: no proceedings under section 147 or 263 where agricultural income tax was paid on rubber or coffee income. The Board directs that no proceedings under section 147 or section 263 should be initiated for assessment years prior to 2002-03 to determine income liable to income-tax in respect of manufacture of rubber and/or coffee where assessees had already paid agricultural income-tax on the whole of such income.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Reassessment restrictions: no proceedings under section 147 or 263 where agricultural income tax was paid on rubber or coffee income.
The Board directs that no proceedings under section 147 or section 263 should be initiated for assessment years prior to 2002-03 to determine income liable to income-tax in respect of manufacture of rubber and/or coffee where assessees had already paid agricultural income-tax on the whole of such income.
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