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Section 147/148 Reassessment is for the benefit of Revenue benefit and not for the benefit of assessee
Case Law Details
- Case Name
- Hareram Koley Vs Income Tax Officer (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Kolkata
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The assessee in the present case is an individual, who filed his return of income for the year under consideration showing his residential status as “resident” and offering to tax his entire global income therein. The said return was processed by the Assessing Officer under section 143(1) and the income as returned by the assessee was accepted by the Assessing Officer vide his intimation dated 26.12.2012 issued under section 143(1) of the Act. Thereafter the assessee realized the mistake committed by him in showing his status as “resident” in the return of income inst...
