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No reassessment after 4 years if all material facts were disclosed by assessee during original assessment
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Corporate Tax
No reassessment after 4 years if all material facts were disclosed by assessee during original assessment
Posted on
on
June 21, 2016
Tenet Tax Daily June 20 2016
By
tenettax-team
Corporate Tax
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No concealment penalty could be imposed just because an expenditure was disallowed due to TDS default
Reimbursement of salary of seconded employees to AE couldn’t be treated as ‘FTS’ to attract TDS under sec. 194J