AO correctly assumed Section 147 jurisdiction if lack of full & true disclosure: Delhi HC

BDR Builders And Developers Private Limited Vs ACIT (Delhi High Court)

BDR Builders and Developers Private Limited, a private limited company engaged in real estate, filed a writ petition challenging a notice issued under Section 148 of the Income Tax Act, 1961, and a subsequent order under Section 148A(d), related to the reassessment of income for the Assessment Year (AY) 2011-12. The company underwent amalgamation with several other companies from AY 2012-13. Initially, BDR Builders filed its original Income Tax Return (ITR) for AY 2011-12 on 13 September 2011, and later a revise

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