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Ressessment Invalid if no failure on the part of assessee to disclose fully & truly all material facts
Case Law Details
- Case Name
- P. Divagar Vs ITO (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Chennai
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P. Divagar Vs ITO (ITAT Chennai)
n the present case, the only issue for consideration is whether the reopening of assessment under section 147 of the Act is valid or not. For the sake of convenience, the reasons recorded and communicated to the assessee are reproduced as under:
“The assessee filed his return of income for the A.Y.2011-12 on 25.03.2013 admitting total income of Rs.2,17,740/- under the head salary and under the head capital gain admitted NIL income claiming exemption u/s 54 of Rs.12,39,280/-. During the Year under consideration the assessee has sold a property...
