On non-compliance with statutory condition precedent, reopening of an assessment cannot be sustained

SUMMARY OF THE CASE LAWS

The condition precedent in the proviso to Section 147 is that the income must have escaped assessment by the failure of the assessee to fully and truly disclose all material facts necessary for assessment for that Assessment Year.

CASE LAWS DETAILS

DECIDED BY: HIGH COURT OF BOMBAY, Please become a Premium member. If you are already a Premium member, login here to access the full content.