HC quashed reassessment Notice as Assessee fully, truly disclosed all material facts By Anand Gupta TaxGuru

HC quashed reassessment Notice as Assessee fully, truly disclosed all material facts Bombay High Court held that for an assessment to be reopened beyond a period of four years there must an omission or failure on part of the assessee to disclose fully and truly all material facts necessary for the assessment and should not merely be the change of opinion of Assessing Officer (AO).

from TaxGuru
via For More By Anand Gupta