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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Reassessment u/s 147 - original assessment u/s 143(3) - notice ...

Income Tax

June 12, 2019

Reassessment u/s 147 - original assessment u/s 143(3) - notice u/s 148 after expiry of four years - A bare perusal of the recorded reasons shows that there is no whisper in the reasons recorded that there was failure on the part of the assessee to disclose fully and truly all material facts necessary for his assessment - issuance of notice u/s 148(2) as well as order passed u/s147 is bad in law

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