Court Denies Reopening of Tax Assessment Due to Lack of Transparency and Suppression of Material Facts. https://www.taxtmi.com/highlights?id=73032 Validity of Reopening of assessment u/s 147 - it is a well settled position of law that an individual seeking to invoke the equitable jurisdiction of a High Court must approach this Court displaying bona fides. However, in the present case, the Petitioner has unquestionably suppressed material facts in relation to the cancellation of its registration under Section 12A, 12AA and 12AB of the IT Act. - HC en-us Sun, 12 Nov 2023 00:46:39 +0530 Sun, 12 Nov 2023 00:46:39 +0530 TaxTMI RSS Generator Court Denies Reopening of Tax Assessment Due to Lack of Transparency and Suppression of Material Facts. https://www.taxtmi.com/highlights?id=73032 Validity of Reopening of assessment u/s 147 - it is a well settled position of law that an individual seeking to invoke the equitable jurisdiction of a High Court must approach this Court displaying bona fides. However, in the present case, the Petitioner has unquestionably suppressed material facts in relation to the cancellation of its registration under Section 12A, 12AA and 12AB of the IT Act. - HC Highlights Income Tax Sun, 12 Nov 2023 00:46:39 +0530 https://www.taxtmi.com/highlights?id=73032