Supreme Court · 2018 INSC 396 · Decided 24 April 2018
Income Tax Officer Ward NO. 16 (2) v. M/S Techspan India Private LTD. & ANR.
- Court
- Supreme Court of India
- Citation
- 2018 INSC 396 · [2018] 4 S.C.R. 328
- Case number
- CIVIL APPEAL No. 2732/2007
- Decided
- 24 April 2018
- Bench
- R.K. AGRAWAL, MOHAN M. SHANTANAGOUDAR (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 147
Headnote
Income Tax Act, 1961 - s.147 - Scope of - Held: s.147 empowers the Assessing authority to re-assess any income on the ground which was not brought on record during the original proceedings and escaped his knowledge; and the said bearing on the outcome of the relevant assessment order - In the instant case, assessee declared its income from two sources, namely software development and human resource development but claimed expenses commonly for both - Notice was issued to show cause as to why the expenses
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