https://www.taxtmi.com/highlights?id=68863 Validity of Reopening of assessment u/s 147 - The order of learned Judge suggesting that the question of whether there was true and full disclosure is still open, again appears to us to be misdirected / misplaced since while setting out the reasons for reassessment, the respondent has not even remotely suggested that there was no full and true disclosure on the part of the appellant. Thus it appears the order of the learned Single Judge is an improvement of the assessment proceeding which is quasijudicial in nature and thus impermissible. - HC en-us Wed, 22 Mar 2023 10:19:35 +0530 Wed, 22 Mar 2023 10:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68863 Validity of Reopening of assessment u/s 147 - The order of learned Judge suggesting that the question of whether there was true and full disclosure is still open, again appears to us to be misdirected / misplaced since while setting out the reasons for reassessment, the respondent has not even remotely suggested that there was no full and true disclosure on the part of the appellant. Thus it appears the order of the learned Single Judge is an improvement of the assessment proceeding which is quasijudicial in nature and thus impermissible. - HC Highlights Income Tax Wed, 22 Mar 2023 10:19:35 +0530 https://www.taxtmi.com/highlights?id=68863