Reassessment Allowed When Initial Proceedings Lack Full Disclosure of Facts, Says Income-tax Officer.

Reassessment Allowed When Initial Proceedings Lack Full Disclosure of Facts, Says Income-tax Officer. https://www.taxtmi.com/highlights?id=35252 Reopening of assessment - mere disclosure of transaction at the time of original assessment proceedings cannot be said to be a disclosure of the “true” and “full” facts in the case and the Income-tax Officer would have the jurisdiction to reopen the concluded assessment in such a case. - HC en-us Thu, 15 Jun 2017 09:38:20 +0530 Thu, 15 Jun 2017 09:38:20 +0530 TaxTMI RSS Generator Reassessment Allowed When Initial Proceedings Lack Full Disclosure of Facts, Says Income-tax Officer. https://www.taxtmi.com/highlights?id=35252 Reopening of assessment - mere disclosure of transaction at the time of original assessment proceedings cannot be said to be a disclosure of the “true” and “full” facts in the case and the Income-tax Officer would have the jurisdiction to reopen the concluded assessment in such a case. - HC Highlights Income Tax Thu, 15 Jun 2017 09:38:20 +0530 https://www.taxtmi.com/highlights?id=35252