2019 (5) TMI 1836 - SCH - Income Tax

Validity of reopening of assessment - failure on the part of the assessee to disclose truly and fully all material facts necessary for assessment with respect to the deemed divident under Section 2(22)(e) - proceedings initiated beyond the period of four years - merits with respect to deemed dividend under Section 2(22)(e) of the Act and as it is found that condition precedent for assumption of jurisdiction under Section 147 of the Act are not satisfied the impugned notice under Section 148 quashed - HELD THAT - SLP dismissed.