Reopening of assessment u/s 147 - Notice after expiry of four ...

Court Rules Against Reopening Tax Assessment After 4 Years Due to Full Disclosure of Intangible Assets u/s 147.

April 14, 2022

Case Laws Income Tax HC

Reopening of assessment u/s 147 - Notice after expiry of four years from the end of the relevant assessment year - since the details of computer software has been disclosed and classified under the category of intangible asset in the note to Balance Sheet, it can be reasonably concluded that the duty of the assessee to disclose fully and truly all primary relevant facts has been met and it cannot extend beyond that. - HC

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Reopening of assessment u/s 147 - Notice after expiry of four ...

Court Rules Against Reopening Tax Assessment After 4 Years Due to Full Disclosure of Intangible Assets u/s 147.

April 14, 2022

Case Laws Income Tax HC

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