2018 (12) TMI 1615 - HC - Income Tax

Reopening of assessment - notice issued beyond the period of 4 years - HELD THAT - Petitioner has challenged notice of reopening of assessment which is issued beyond the period of 4 years from the end of relevant assessment year. The petitioner submitted that the ground on which the Assessing Officer has issued the notice of reopening was examined during the original scrutiny assessment. Further there was no failure on the part of the assessee to disclose truly and fully all material facts.

Summary

The petitioner challenged a notice of reopening of assessment issued beyond 4 years from the relevant assessment year. The Assessing Officer's grounds for reopening were already examined during the original scrutiny assessment. The petitioner had disclosed all material facts. The respondents requested time to file a reply. The case was adjourned to January 25, 2019, with the impugned notice stayed temporarily.