KVSS Determination Shields from Reassessment: Bombay High Court

Citibank N.A Vs S.K. Ojha (Bombay High Court)

Bombay High Court held that once tax arrears being determined, paid and certificated issued under Kar Vivad Samadhan Scheme (KVSS), there is no jurisdiction for the Assessing Officer to reopen the assessment by a notice under section 143 of the Income Tax Act.

Facts- Petitioner is a body corporate incorporated in the United States of America and has been carrying on business in India through its branches. Petitioner has been an

Please become a Premium member. If you are already a Premium member, login here to access the full content.