No Reassessment in absence of failure to fully & truly disclose all material facts: ITAT [Read Order]

No - Reassessment - in - absence - of - failure - to - fully - truly - disclose - all - material - facts - ITAT - TAXSCAN

The Kolkata bench of the Income Tax Appellate Tribunal(ITAT) has held thatthe Reassessment is not validin absence of failure to fully & truly disclose all material facts. G.S. Atwal & Company (Engineers) Pvt. Limited, the assessee company was engaged as Del-Credere Commission Agent by Tata Steel Limited. The assessee used to earn commission income for…

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