Supreme Court quashes reassessment notice as revenue failed to show non-disclosure of facts by NDTV

The Supreme Court has quashed reassessment notice issued on assessee-NDTV on reasoning that revenue has failed to show non-disclosure of facts by assessee. The Apex Court held that assessee had fully and truly disclosed all material facts necessary for its assessment and, therefore, the revenue cannot take benefit of the extended period of limitation.

from taxmann.com News https://ift.tt/3bStMjp