Notice for re-assessment quashed by Hon'ble HC, Bombay as the Assessee fully, truly disclosed all material facts
Last updated: 25 November 2021
Court :
Bombay High Court
Brief :
In M/s Ananta Landmark Pvt. Ltd. v. Deputy Commissioner of Income Tax & Ors. [W.P. (C) No. 2814 of 2019 decided on September 14, 2021] Hon'ble Bombay High Court held that for an assessment to be reopened beyond a period of four years there must an omission or failure on part of the assessee to disclose fully and truly all material facts necessary for the assessment and should not merely be the change of opinion of Assessing Officer ("AO").
Citation :
W.P. (C) No. 2814 of 2019 decided on September 14, 2021
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Bimal Jain
Published in Income Tax
Views : 135
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