https://www.taxtmi.com/highlights?id=53852 Reopening of assessment u/s 147 - Validity of reason to believe - Undisclosed share transactions - It cannot be said that Petitioner did not disclose fully and truly all material facts necessary for the assessment. Consequently, Respondent No. 2 could not have arrived at the satisfaction that he had reasons to believe that income chargeable to tax had escaped assessment. en-us Sat, 27 Jun 2020 21:55:48 +0530 Sat, 27 Jun 2020 21:55:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53852 Reopening of assessment u/s 147 - Validity of reason to believe - Undisclosed share transactions - It cannot be said that Petitioner did not disclose fully and truly all material facts necessary for the assessment. Consequently, Respondent No. 2 could not have arrived at the satisfaction that he had reasons to believe that income chargeable to tax had escaped assessment. Highlights Income Tax Sat, 27 Jun 2020 21:55:48 +0530 https://www.taxtmi.com/highlights?id=53852