Taxpayer Deductions Limited: Claims Can Only Reduce Income to Original Assessment Amount in Re-assessment Proceedings.

Taxpayer Deductions Limited: Claims Can Only Reduce Income to Original Assessment Amount in Re-assessment Proceedings. https://www.taxtmi.com/highlights?id=24471 Claim of deductions against escaped income - where the claims of the assessee durng the course of re-assessment proceedings relating to the escaped income are accepted, still the allowance of such claims has to be limited to the extent to which they reduce the income to that originally assessed - AT en-us Sat, 29 Aug 2015 06:16:46 +0530 Sat, 29 Aug 2015 06:16:46 +0530 TaxTMI RSS Generator Taxpayer Deductions Limited: Claims Can Only Reduce Income to Original Assessment Amount in Re-assessment Proceedings. https://www.taxtmi.com/highlights?id=24471 Claim of deductions against escaped income - where the claims of the assessee durng the course of re-assessment proceedings relating to the escaped income are accepted, still the allowance of such claims has to be limited to the extent to which they reduce the income to that originally assessed - AT Highlights Income Tax Sat, 29 Aug 2015 06:16:46 +0530 https://www.taxtmi.com/highlights?id=24471