Reopening of assessment u/s 147 - reasons to believe - The ...
Income Tax
March 11, 2024
Reopening of assessment u/s 147 - reasons to believe - The Tribunal held that the reasons for reopening the assessment were vague and non-specific, and there was no failure on the part of the Assessee to fully disclose all material facts during the original assessment proceedings. Therefore, the initiation of reassessment proceedings was struck down.
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