Case Laws Discussion

Limitation date for invoking revisionary power of CIT u/s 263 is counted from date of assessment order or of the order of reassessment

04/30/2010

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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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