https://www.taxtmi.com/highlights?id=65249 Reopening of assessment u/s 147 - re-assessment proceedings have been initiated beyond a period of four years - there has been full disclosure by the assessee in relation to the issues flagged in the reasons for re-assessment and the Department has not in this case discharged the statutory burden as set out in the proviso to Section 147. The impugned proceedings are held to be barred by limitation and the impugned orders are quashed. - HC en-us Wed, 24 Aug 2022 08:49:21 +0530 Wed, 24 Aug 2022 08:49:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65249 Reopening of assessment u/s 147 - re-assessment proceedings have been initiated beyond a period of four years - there has been full disclosure by the assessee in relation to the issues flagged in the reasons for re-assessment and the Department has not in this case discharged the statutory burden as set out in the proviso to Section 147. The impugned proceedings are held to be barred by limitation and the impugned orders are quashed. - HC Highlights Income Tax Wed, 24 Aug 2022 08:49:21 +0530 https://www.taxtmi.com/highlights?id=65249