Reopening Assessments Beyond Four Years Requires AO to Prove Non-Disclosure of Material Facts by Assessee: ITAT [Read Order]
The ITAT held that reassessment beyond four years under Section 147 of the Income Tax, 1961, is invalid unless the AO proves the default of the assessee
By Nandan GK - On May 10, 2025 4:59 pm - 2 mins read
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) held that reassessment proceedings initiated after four years under Section 147 of the Income Tax Act, 1961, are not valid unless the Assessing Officer (AO) proves that the assessee failed to disclose all material facts necessary for the assessment. Read More: GST Portal Glitches: A…
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