https://www.taxtmi.com/manuals?id=1349 Assessment, reassessment or recomputation on reopening is chargeable at the rates that would have applied had the income not escaped; the Assessing Officer may drop reopening proceedings if the taxpayer shows the original assessment or computation was not lower than the liability including the escaped income, provided the taxpayer did not contest the original order. Transitional provisions preserve the prior reopening regime for cases connected to searches, requisitions, surveys or notices initiated before a specified legislative cutoff. en-us Fri, 25 Dec 2015 12:50:00 +0530 Tue, 27 Aug 2024 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1349 Assessment, reassessment or recomputation on reopening is chargeable at the rates that would have applied had the income not escaped; the Assessing Officer may drop reopening proceedings if the taxpayer shows the original assessment or computation was not lower than the liability including the escaped income, provided the taxpayer did not contest the original order. Transitional provisions preserve the prior reopening regime for cases connected to searches, requisitions, surveys or notices initiated before a specified legislative cutoff. Manuals Income Tax Fri, 25 Dec 2015 12:50:00 +0530 https://www.taxtmi.com/manuals?id=1349