Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2007 (12) TMI 131 - BOMBAY HIGH COURT
Assessee had not correctly disclosed the actual assets of the plot used for construction to claim deduction u/s 80-IB(10) – failure to disclose material facts required for assessment - merely because the information was contained in annexures by itself cannot be said to be disclosure of information – case is covered under Explanation 2(c)(iv) of section 147 - reasonable belief that income had escaped assessment so reassessment notice even after 4 years is valid