Reopening of assessment u/s 147 - In the case on hand, upon ...

Case Laws Income Tax

April 2, 2021

Reopening of assessment u/s 147 - In the case on hand, upon disclosure made by the assessee with regard to the date for put to use of the assets, the Assessing Officer thought fit not to disallow the depreciation claimed by the assessee. Therefore, when primary materials having been disclosed bonafide, a mere technical mistake committed by the auditor, could not be said to be an “omission” or “failure” to disclose fully and truly all material facts for the assessment by the assessee. - HC

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Reopening of assessment u/s 147 - In the case on hand, upon ...

Case Laws Income Tax

April 2, 2021

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