Reopening of assessment u/s 147 - Original assessment u/s 143(3) ...

Reassessment u/s 147 Invalid if Original Assessment u/s 143(3) Had Full Disclosure. No Second Chances.

March 15, 2019

Case Laws Income Tax SC

Reopening of assessment u/s 147 - Original assessment u/s 143(3) - full and material disclosure - so called fresh material is nothing but what existed on the record and was a subject matter of query by the AO - Second chance to revenue is not permissible based on same material.

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Reopening of assessment u/s 147 - Original assessment u/s 143(3) ...

Reassessment u/s 147 Invalid if Original Assessment u/s 143(3) Had Full Disclosure. No Second Chances.

March 15, 2019

Case Laws Income Tax SC

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