Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2011 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (3) TMI 559 - HC - Income TaxReassessment - notice issued under Section 148 beyond four year - As per the proviso to Section 147 of the Act, the assessment can be reopened beyond four years from the end of the relevant assessment year, only if there is failure on the part of the assessee to disclose fully and truly all material facts. In the present case, the assessment is sought to be reopened beyond the period of four years and there is no material on record to suggest that there was failure on the part of the assessee to disclose fully and truly all material facts - notice dated 29/2/2010 issued under Section 148 of the Income Tax Act, 1961 as well as the order dated 10/11/2010 rejecting the objections raised by the petitioner are quashed and set aside.
|