https://www.taxtmi.com/highlights?id=47490 Reopening of assessment u/s 147 - AO has re-appreciated trial balance-sheet which is also available to him when original assessment order was passed and alleged escapement - proviso appended to section 147 puts an embargo in the exercise of power of AO in cases where scrutiny assessment has taken place and four years have expired from the end of relevant AY if assessee has disclosed all material facts fully and truly - reassessment quashed en-us Thu, 27 Jun 2019 07:39:21 +0530 Thu, 27 Jun 2019 07:39:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47490 Reopening of assessment u/s 147 - AO has re-appreciated trial balance-sheet which is also available to him when original assessment order was passed and alleged escapement - proviso appended to section 147 puts an embargo in the exercise of power of AO in cases where scrutiny assessment has taken place and four years have expired from the end of relevant AY if assessee has disclosed all material facts fully and truly - reassessment quashed Highlights Income Tax Thu, 27 Jun 2019 07:39:21 +0530 https://www.taxtmi.com/highlights?id=47490