Section 147 allows reassessment if the AO has a “reason to believe” that income has escaped assessment. The Finance (No. 2) Act of 2009 inserted Explanation 3 to Section 147, clarifying that the AO ...

Calcutta High Court, in the case of CIT vs. Infinity Infotech Parks Ltd, addressed the validity of reassessment proceedings initiated by the Income Tax Department under Section 147 of the Income Tax ...

Reading scores for students in first through third grade improved throughout the fall 2024 semester for those participating ...

At its meeting today, the Payments System Board discussed a number of issues, including: CHESS batch failure incident.

Readers discuss a fatal child abuse case, what's wrong with the city's education system, and school-based assessments Feel strongly about these letters, or any other aspects of the news? Share your ...