TaxTMI 
TaxTMI 
SEC 148 INCOME TAX
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....EC 148 INCOME TAX<br> Query (Issue) Started By: - puneet virmani Dated:- 26-2-2016 Last Reply Date:- 6-11-2016 Income Tax<br>Got 1 Reply<br>Income Tax<br>3 BROTHERS SOLD PROPERTY AS 1/3RD YEAR EACH, A....
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....LL INVESTED IN SEPARATE PROPERTY AND TAKEN BENEFIT U/S 54..ONE BROTHER WAS ASSESSED U/S 143(3) WHEREIN DEMAND WAS CREATED ON BASIS OF DIFFERENCE IN VALUATION OF PROPERTY RATES I.E CIRCLE RATES. REST T....
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....WO BROTHERS RECEIVED NOTICE FROM I.T.O FOR REASSESSMENT U/S 147...... QUERY IS WEATHER ITO ON BASIS OF ADDITION IN INCOME OF ONE BROTHER CAN ITO GIVE NOTICE N REASSESS OTHER TWO BROTHERS, IT THIS ADDI....
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....TION A SUBSTANTIAL EVIDENCE TO REASSESS. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether the addition in respect of first brother is confirmed? If so whether he went for in appeal? If it is co....
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....nfirmed for the first brother, on the basis of the same, assessment can be reopened. However you may contest the notice on reassessment.<br> Discussion Forum - Knowledge Sharing ....