Time Limit for Re-Assessment of Escaped Income on Assets Outside India is 16 Years: ITAT restores Order against Senior Chartered Accountant [Read Order]

While considering an appeal filed by the assessee, Mr. Dilip J Thakkar, one of the most senior Chartered Accountants in India, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that for reassessment can be issued in respect of “income in relation to any asset (including financial interest in any entity) located […]
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