AO granted a good reopening find with the soil you to assessee organization had paid off an amount of massive amount so you tinychat can it is dealing with manager aside from administrators remuneration and you may exact same was to end up being disallowed around part 36(1)(ii). It was kept that because assessee got produced enough disclosures through the new investigations and you will considering same its investigations is actually finished and you may, next, reopening see given if there is assessee to own subsequent comparison year towards equivalent surface/topic are dropped on the crushed of alter from thoughts and exact same is actually recognized by the revenue, pursuing the same view, impugned reopening has also been to-be put asid. [AY: 2007-2008]

S. 148 : Reassessment – Notice – Amalgamation off businesses – Amalgamating organization and you will amalgamated company operating of exact same address immediately following amalgamation – Provision regarding Point 170(2) applicable- Took part in the fresh reassessment proceedings – Find and you may reassessment proceedings valid [S

New assessee got created a residential building and registered good valuation report in the course of the latest review, which was born accepted of the AO. Leggi il resto di questo articolo »