Reopening of assessment u/s 147 - extension of period of ...

Court Rules on Extended Limitation for Tax Assessments Due to Incomplete Disclosure u/s 147 of Income Tax Act.

March 25, 2023

Case Laws Income Tax HC

Reopening of assessment u/s 147 - extension of period of limitation u/s 147 - In this case, failure on the part of the assessee to fully and truly disclose all material particulars in our view would constitute the "jurisdictional fact" for invoking extended period of limitation and failure to record the existence of the above jurisditional fact while invoking the extended period under the proviso to Section 147 of the Act, would vitiate the entire proceedings. - HC

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Reopening of assessment u/s 147 - extension of period of ...

Court Rules on Extended Limitation for Tax Assessments Due to Incomplete Disclosure u/s 147 of Income Tax Act.

March 25, 2023

Case Laws Income Tax HC

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