If the Assessing Officer has reason to believe that any income chargeable to tax has escaped assessment for any assessment year, he may initiate proceedings of —

CS Executive · Tax Laws and Practice · PYQS · December 2014
If the Assessing Officer has reason to believe that any income chargeable to tax has escaped assessment for any assessment year, he may initiate proceedings of —
(A) Re-assessment
(B) Regular assessment
(C) Self assessment
(D) Best judgement assessment.

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Re-assessment. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.

Topics: Income Tax Act, 1961

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic