Taxpayer Cannot Introduce New Claims to Reduce Income During Re-assessment Proceedings for Revenue Benefit.

Taxpayer Cannot Introduce New Claims to Reduce Income During Re-assessment Proceedings for Revenue Benefit. https://www.taxtmi.com/highlights?id=43741 Re-assessment is carried out for the benefit of the Revenue and not the assessee. In such re-assessment proceedings, the assessee cannot raise fresh independent claims having the effect of reducing the income already declared. en-us Mon, 07 Jan 2019 12:25:42 +0530 Mon, 07 Jan 2019 12:25:42 +0530 TaxTMI RSS Generator Taxpayer Cannot Introduce New Claims to Reduce Income During Re-assessment Proceedings for Revenue Benefit. https://www.taxtmi.com/highlights?id=43741 Re-assessment is carried out for the benefit of the Revenue and not the assessee. In such re-assessment proceedings, the assessee cannot raise fresh independent claims having the effect of reducing the income already declared. Highlights Income Tax Mon, 07 Jan 2019 12:25:42 +0530 https://www.taxtmi.com/highlights?id=43741