https://www.taxtmi.com/highlights?id=56684 Reopening of assessment u/s 147 - Undisclosed purchase of land - the fact was discovered by the Assessing Officer on the basis of the report of District Registrar - the ingredients of first proviso to section 147 appear to be made out on the basis of materials on records. If that is so, the initiation of reassessment proceedings under section 148 beyond the limitation of four years, as prescribed under the first proviso to section 147 and also under section 149(1) (b) is not in breach of the statutory provisions - HC en-us Mon, 15 Feb 2021 13:52:20 +0530 Mon, 15 Feb 2021 14:43:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56684 Reopening of assessment u/s 147 - Undisclosed purchase of land - the fact was discovered by the Assessing Officer on the basis of the report of District Registrar - the ingredients of first proviso to section 147 appear to be made out on the basis of materials on records. If that is so, the initiation of reassessment proceedings under section 148 beyond the limitation of four years, as prescribed under the first proviso to section 147 and also under section 149(1) (b) is not in breach of the statutory provisions - HC Highlights Income Tax Mon, 15 Feb 2021 13:52:20 +0530 https://www.taxtmi.com/highlights?id=56684