No re-assessment proceedings beyond 3 years if the escaped income exceeds ₹50 lakh is not represented in the form of an asset The Delhi High Court in the case of Ratnagiri Gas and Power Private Limited [TS-562-HC-2025(DEL)] recently quashed the reassessment proceedings, inter-alia, on the ground that proceedings initiated beyond 3 years is barred by…
The post No re-assessment proceedings beyond 3 years if the escaped income exceeds ₹50 lakh is not represented in the form of an asset appeared first on The Tax Talk.
