Reassessment after expiry of four years unsustainable as material fact disclosed fully: Bombay HC

Aashish Niranjan Shah Vs Union of India (Bombay High Court)

Bombay High Court held that initiation of reopening of assessment after expiry of four years from the end of relevant assessment year without failure on part of the petitioner to disclose any material fact fully and truly is unsustainable in law.

Facts- This petition is a challenge to reassessment proceedings initiated in respect of A.Y. 2013-2014. The Petitioner, an individual had filed the relevant tax returns on 27^th September, 2013. The returns were subjected to scrutiny assessment u/

Please become a Premium member. If you are already a Premium member, login here to access the full content.