Saturday, May 2, 2020

No reassessment if it was duly submitted by assessee that a few transactions might be in violation of Sec. 80-IB

INCOME TAX : In order to sustain a notice seeking to reopen assessment beyond normal period of 4 years, it is necessary for revenue to establish, at least, prima facie that there was failure to disclose fully and truly all material facts necessary for assessment for that assessment year by assessee

from www.taxmann.com Latest Case Laws https://ift.tt/3aQRpYU
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