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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Reassessment u/s. 147 - retention money receipts form part of ...


Reassessment u/s 147 annulled; no failure by assessee in disclosing all material facts about retention money receipts.

April 19, 2019

Case Laws     Income Tax     AT

Reassessment u/s. 147 - retention money receipts form part of gross receipt but excluded in computation - no failure on the part of the assessee to fully and truly disclose all material facts relevant for assessment - reassessment annulled

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  10. Reopening of assessment u/s 147 - The writ-applicant has claimed deduction under Section 35(1)(ii) of the Act and not under Section 80GGA of the Act. This fact is also...

  11. Reopening of assessment u/s 147 - since the proposed re-opening has been issued after expiry of four years of the end of the relevant assessment year, proviso to Section...

  12. Validity of reopening of assessment u/s 147 - In the instant case the primary facts were already disclosed in the Notes to Accounts filed along with the balance-sheet...

  13. Reopening of assessment u/s 147 - extension of period of limitation u/s 147 - In this case, failure on the part of the assessee to fully and truly disclose all material...

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