Tribunal Affirms Assessee's Appeal: Insufficient Grounds for Reopening Assessment Due to Non-Disclosure of Material Facts.

Tribunal Affirms Assessee's Appeal: Insufficient Grounds for Reopening Assessment Due to Non-Disclosure of Material Facts. https://www.taxtmi.com/highlights?id=54152 Validity of Reopening of assessment - validity of reasons to believe - change of opinion - whether these grounds are adequate or not for arriving at a conclusion that there was a non-disclosure of material facts could not be opened for the Court's investigation. Tribunal was right in allowing the assessee's appeal. - HC en-us Fri, 24 Jul 2020 09:28:30 +0530 Fri, 24 Jul 2020 09:28:30 +0530 TaxTMI RSS Generator Tribunal Affirms Assessee's Appeal: Insufficient Grounds for Reopening Assessment Due to Non-Disclosure of Material Facts. https://www.taxtmi.com/highlights?id=54152 Validity of Reopening of assessment - validity of reasons to believe - change of opinion - whether these grounds are adequate or not for arriving at a conclusion that there was a non-disclosure of material facts could not be opened for the Court's investigation. Tribunal was right in allowing the assessee's appeal. - HC Highlights Income Tax Fri, 24 Jul 2020 09:28:30 +0530 https://www.taxtmi.com/highlights?id=54152