Bombay HC Quashes Assessment Notice u/s 148 Income Tax Act on Absence of Failure on part of assessee to Truly and Fully Disclose Material Fact [Read Order]

Bombay HC Quashes Assessment Notice - Income Tax Act on - Absence of Failure on part of assessee to Truly and Fully Disclose - Material Fact - TAXSCAN

The Bombay High Court quashed assessment notice issued under Section 148 of the Income Tax Act, 1961 on absence of failure on the part of the assessee, Shree Realtors Private Limited, to truly and fully disclose material fact. The petitioner is engaged in the business of real estate and was regularly assessed to tax. For…

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