Conditions for Section 153A Reassessment notice Issuance after 6 Years

ACIT Vs Goldstone Cements Ltd. (ITAT Kolkata) The notice for reassessment u/s 153A which was beyond the period of six assessment years could have been issued only when the AO had in his possession any incriminating evidence which revealed that income valued Rs. 50 lakhs or more represented in the form of asset had escaped assessment FULL TEXT OF THE ORDER OF ITAT KOLKATA All these appeals preferred by the Revenue and cross objections filed by the assessee are against the common order of Ld. CIT(A)-2, Guwahati dated 18-03-2020 for AYs 2011­-12 to 2015-16 & 2017-18. Since the issues involve...