Mumbai High Court has given verdict on 16 April 2010 in favour of assessee in Ashoka Buildcon ltd vs ACIT by stating that if the original order of assessment is reopened and subsequent an order of reassessment is passed , the if the Commissioner of Income tax invokes his revisional power u/s 263 of the
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Limitation date for invoking revisionary power of CIT u/s 263 is counted from date of assessment order or of the order of reassessment
April 30, 2010 by taxworry
Filed Under: Case Laws Discussion, Supreme Court Decision Tagged With: acit, Assessment, C.I.T. V, court, finance ltd, gas cylinders, I T Act, Income, order, Reassessment, revisionary power of CIT, sec. 263, share issue, theorder
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