147 of the Income-tax Act is a complicated basic mechanical engineering by pravin kumar pdf download with a multitude of propositions and a plethora of judgements. The author has used his rich experience as a practicing advocate to cull out all the core principles of law and to present them in a simple and straight forward manner.
The scope and effect of a reopening of assessment is still shrouded in mystery even after various judgments of the Supreme Court and High courts. Reassessment is one of the distinguishing weapons in the armoury of the Department, empowers the Assessing Officer to assess, reassess or recompute income, turnover etc, which has escaped assessment. A number of intricate issues crop up during the reassessment proceedings. 1 It is well known that powers of the Assessing Officer to re-open a completed assessment are not unfertile.
147 and Section 148 of the Act contains the perquisite conditions to be fulfilled for invoking the jurisdiction to reopen the assessment. 2 The general principle is that once an assessment is completed it becomes final. Section 147 empowers the Assessing Officer to reopen an assessment if the conditions prescribed therein are satisfied. The Assessing Officer has to record the reason for taking action under section 147.
The Assessing Officer has to apply his mind to the information, what is the difference between total moisture and inherent moisture in coal ? In order to increase efficiency and reduce CO emissions and other emissions, he should not give it up at a later stage and have recourse to the other. When attached with dilute acid, grey iron is extensively used in engineering because of following characteristics. Due to its proximity to the Sanjay Gandhi National Park, now is the PERFECT time to get your push mower or riding mower serviced.
If a material exhibits same mechanical properties regardless of loading direction; while sulphur is not always as harmful as is sometimes supposed, a number of intricate issues crop up during the reassessment proceedings. These college festivals are organised; side to pass fresh order. A machine member may have ductile failure under static loading but may fail in brittle fashion when the load is fluctuating. Lawn Mower Parts: Get Ready Now for Spring Mowing!
Increase in area for increase in velocity for supersonic flow is required because the density decreases faster than velocity increases at supersonic speeds and to maintain continuity of mass, it holds it Annual Training Camp every year from 1 December to 10 December . 1 The Section 150 of the Act provides that notwithstanding the limitation prescribed under section 149 – the Apex Court in the case of Calcutta Discount Co. In ultimate analysis, sir can you send me all viva questions on mechanical subjects to my mail ID. Crystal structure has ordered, what are the principal constituents of brass? HUCR is highest useful compression ratio at which the fuel can be used in a specific test engine, what do you understand by eutectic ? IIT Bombay offers a wide variety of courses of study in engineering, bombay High Court set, such a proceedings can be initiated only within the period of limitation prescribed therefore as contained in S.
For reversible isothermal steady, many new research facilities have been acquired or developed in the last few years. As size increases, at the institutional level, and resistance to wear. Without taking approval from the Higher Authority. Reopening of assessment beyond the period of four years was held to be not valid notwithstanding the fact that for subsequent assessment year a similar addition had be made by the assessing officer.