Reassessment u/s 147 barred after four years if no failure in full disclosure during Section 143(3) assessment.

Reassessment u/s 147 barred after four years if no failure in full disclosure during Section 143(3) assessment. https://www.taxtmi.com/highlights?id=62910 Reopening of assessment u/s 147 - in absence of any allegation of failure on the part of the assessee to disclose fully and truly all material facts necessary for the completion of the assessment, no reassessment proceedings can be initiated after a period of four years from the end of the relevant assessment year when the original assessment has been completed u/s. 143(3) of the Act. - AT en-us Thu, 14 Apr 2022 08:07:02 +0530 Thu, 14 Apr 2022 08:07:02 +0530 TaxTMI RSS Generator Reassessment u/s 147 barred after four years if no failure in full disclosure during Section 143(3) assessment. https://www.taxtmi.com/highlights?id=62910 Reopening of assessment u/s 147 - in absence of any allegation of failure on the part of the assessee to disclose fully and truly all material facts necessary for the completion of the assessment, no reassessment proceedings can be initiated after a period of four years from the end of the relevant assessment year when the original assessment has been completed u/s. 143(3) of the Act. - AT Highlights Income Tax Thu, 14 Apr 2022 08:07:02 +0530 https://www.taxtmi.com/highlights?id=62910