corporate and professional updates 04th aug 2018
Direct Tax : Indore ITAT rules that CIT is not empowered to direct AO to issue notice u/s 143(2) after expiry of normal limitation period, quashes time-barred assessment for AY 2000-01 on assessee-firm. Notes that assessee had filed revised return in April, 2001 (original return was filed within Sec 139 time-limit) to claim refund of …