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Income Tax - Highlights / Catch Notes

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Reopening of assessment - There were multiple other remedies ...

Income Tax

January 22, 2016

Reopening of assessment - There were multiple other remedies available to the revenue to exercise within the time frame provided under the statute, but to reopen an assessment beyond the period of four years of the assessment order was simply not one of them since there is no failure on the part of the assessee to disclose truly and fully all material facts necessary for assessment - HC

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