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Income Tax - Highlights / Catch Notes

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Escaped assessment U/s 147 - retrospective amendment not ...


Retrospective Tax Amendments Can't Reopen Assessments After Four Years Without Full Disclosure Failure: Court on Section 147.

April 5, 2013

Case Laws     Income Tax     HC

Escaped assessment U/s 147 - retrospective amendment not sufficient for reopening an assessment beyond a period of four years unless there was a failure on the part of the assessee to fully and truly disclose all material facts - HC

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