https://www.taxtmi.com/acts?id=15979 Amendments to Section 147 treat income from assets or financial interests located outside India, and failures to furnish required international transaction reports, as cases of income escaping assessment, thereby permitting reassessment notwithstanding the first proviso's time-limit; the changes are procedural and declared applicable to earlier assessment years. en-us Fri, 16 Mar 2012 16:12:54 +0530 Fri, 16 Mar 2012 17:39:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15979 Amendments to Section 147 treat income from assets or financial interests located outside India, and failures to furnish required international transaction reports, as cases of income escaping assessment, thereby permitting reassessment notwithstanding the first proviso's time-limit; the changes are procedural and declared applicable to earlier assessment years. Act-Rules Bills Fri, 16 Mar 2012 16:12:54 +0530 https://www.taxtmi.com/acts?id=15979