corporate and professional update february 21, 2016
CORPORATE AND PROFESSIONAL UPDATE FEBRUARY 21, 2016 INCOME TAX ACT SECTION 14A EXPENDITURE INCURRED IN RELATION TO INCOME NOT INCLUDIBLE IN TOTAL INCOME Reassessment: Where assessee had disclosed all material facts relating to tax free dividend income at time of making the assessment, initiation of reassessment proceedings merely on basis of change of opinion that assessee …