Re-Assessment is Invalid when Assessee disclosed All Material facts to complete Assessment: ITAT [Read Order]

Re-Assessment - Invalid - Assesseed - Material - Assessment - ITAT - taxscan

The Chennai bench of the ITAT has deleted a re-assessment passed under section 147 of the Income Tax Act, 1961 by holding that there was no failure on the part of the assessee in respect of disclosure of all relevant materials required for assessment fully and truly. Earlier, the Single Member Bench of ITAT has…

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