Validity of reopening of assessment - reopening beyond period of ...

Case Laws Income Tax

January 25, 2024

Validity of reopening of assessment - reopening beyond period of four years - reason to believe - Old regime - Once the primary facts are disclosed by the assessee, the burden shifts onto the assessing officer. It is not the case of the revenue that the assessee had made a false declaration. - the Tribunal was justified in coming to the conclusion that the reassessments for the three assessment years under consideration were not justified. The High Court has erred in reversing such findings of the Tribunal. - SC

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Validity of reopening of assessment - reopening beyond period of ...

Case Laws Income Tax

January 25, 2024

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