https://www.taxtmi.com/caselaws?id=446531 The Madras HC ruled in favor of the assessee regarding reopening of assessment beyond four years. The petitioner had fully disclosed agricultural land sale details and provided sale deeds upon specific request by the department. The court held that producing sale deeds upon request does not constitute failure to disclose material facts under Section 147 explanation (1). Since all particulars regarding agricultural land sale were disclosed to the Assessing Officer, the notice under Sections 148 and 149 for reopening assessment for AY 2013-14 was unsustainable and set aside. en-us Mon, 06 Nov 2023 00:00:00 +0530 Wed, 06 Dec 2023 08:58:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446531 The Madras HC ruled in favor of the assessee regarding reopening of assessment beyond four years. The petitioner had fully disclosed agricultural land sale details and provided sale deeds upon specific request by the department. The court held that producing sale deeds upon request does not constitute failure to disclose material facts under Section 147 explanation (1). Since all particulars regarding agricultural land sale were disclosed to the Assessing Officer, the notice under Sections 148 and 149 for reopening assessment for AY 2013-14 was unsustainable and set aside. Case-Laws Income Tax Mon, 06 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446531