Merely having a reason to believe that income had escaped ...

Reopening Tax Assessments After Four Years: Prove Taxpayer's Failure to Fully Disclose All Material Facts Required.

July 5, 2016

Case Laws Income Tax AT

Merely having a reason to believe that income had escaped assessment is not sufficient to reopen assessments beyond 4 year period. Escapement should be linked with failure on the part of assessee to fully and truly disclose all the material facts necessary for assessment.

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Merely having a reason to believe that income had escaped ...

Reopening Tax Assessments After Four Years: Prove Taxpayer's Failure to Fully Disclose All Material Facts Required.

July 5, 2016

Case Laws Income Tax AT

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