https://www.taxtmi.com/caselaws?id=767737 The Bombay HC partially upheld the reopening of assessment u/s 147. The court held that responses to audit memos cannot be considered as disclosure during assessment proceedings since they occur post-assessment. Reopening was upheld for rental figure differences and non-deduction of TDS on staff salary due to inadequate disclosure during original assessment. However, reopening was not upheld for depreciation claim on printers as the assessee had disclosed claiming 60% depreciation, showing prima facie compliance with disclosure requirements. The court noted that difference in total receipts appeared adequately explained during assessment proceedings, making reassessment potentially vulnerable on this ground. en-us Wed, 19 Mar 2025 00:00:00 +0530 Mon, 24 Mar 2025 08:45:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767737 The Bombay HC partially upheld the reopening of assessment u/s 147. The court held that responses to audit memos cannot be considered as disclosure during assessment proceedings since they occur post-assessment. Reopening was upheld for rental figure differences and non-deduction of TDS on staff salary due to inadequate disclosure during original assessment. However, reopening was not upheld for depreciation claim on printers as the assessee had disclosed claiming 60% depreciation, showing prima facie compliance with disclosure requirements. The court noted that difference in total receipts appeared adequately explained during assessment proceedings, making reassessment potentially vulnerable on this ground. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767737