No reopening if no failure of assessee to disclose fully & truly all material facts necessary for assessment

Navodaya Grama Vikas Charitable Trust Vs ACIT (ITAT Bangalore)

Conclusion: Reopening of assessment  under section 147 was not justified when there was no evidence to show that there was escapement of income due to failure on the part of assessee to disclose fully and truly all material facts necessary for assessment.

Held: Assessee was a charitable trust registered 1u/s.12AA by the Commissioner of Income-tax, Mangalore. Assessee-trust was engaged in the c

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