Reopening of assessment - Valuation of closing stock - there is ...

Reassessment of closing stock valuation deemed invalid due to four-year limit breach; full disclosure by assessee confirmed.

August 17, 2015

Case Laws Income Tax HC

Reopening of assessment - Valuation of closing stock - there is no failure on the part of the assessee to disclose truly and fully all material facts - reassessment proceedings which are initiated beyond the period of four years, are not permissible and the same cannot be sustained - HC

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Reopening of assessment - Valuation of closing stock - there is ...

Reassessment of closing stock valuation deemed invalid due to four-year limit breach; full disclosure by assessee confirmed.

August 17, 2015

Case Laws Income Tax HC

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