https://www.taxtmi.com/caselaws?id=767339 The Madras HC dismissed the assessee's writ appeal challenging reopening of assessment under section 147. The assessee had claimed the same deduction twice, constituting impermissible double deduction. Despite proceedings being beyond the statutory period, the AO correctly reopened assessment as the assessee failed to make full and true disclosure of material facts during original assessment. The HC held that when an assessee makes false claims and fails to provide complete information, the AO has jurisdiction to initiate assessment proceedings. The court noted the assessee had alternative remedy available before CIT(A) and upheld the AO's action in reopening the assessment. en-us Fri, 21 Feb 2025 00:00:00 +0530 Sat, 15 Mar 2025 08:41:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767339 The Madras HC dismissed the assessee's writ appeal challenging reopening of assessment under section 147. The assessee had claimed the same deduction twice, constituting impermissible double deduction. Despite proceedings being beyond the statutory period, the AO correctly reopened assessment as the assessee failed to make full and true disclosure of material facts during original assessment. The HC held that when an assessee makes false claims and fails to provide complete information, the AO has jurisdiction to initiate assessment proceedings. The court noted the assessee had alternative remedy available before CIT(A) and upheld the AO's action in reopening the assessment. Case-Laws Income Tax Fri, 21 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767339