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The Tax Publishers Income Tax--Reassessment Meaning of 'Information' for the Purpose of Initiating Reassessment Proceedings V.K. Subramani Normally, every person wants to complete the task in such a way that nothing is left behind by way of error or omission. This is more so applicable for tax matters as the consequence of any error or omission may end up in slapping of penalty by the government authorities without prejudice to collection of interest for the delayed remittance of tax as a consequence of such error or omission. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

Income Tax--Reassessment

Meaning of 'Information' for the Purpose of Initiating Reassessment Proceedings

V.K. Subramani

Normally, every person wants to complete the task in such a way that nothing is left behind by way of error or omission. This is more so applicable for tax matters as the consequence of any error or omission may end up in slapping of penalty by the government authorities without prejudice to collection of interest for the delayed remittance of tax as a consequence of such error or omission.