Allowing the petition the Court held that there was no failure to disclose material facts, reassessment is held to be bad in law. (AY. 2011-12)
Akshar Anshul Construction LLP v. ACIT (2019) 264 Taxman 65 (Bom.)(HC)
S. 147 : Reassessment-After the expiry of four years-No failure to disclose all material facts–Reassessment is bad in law. [S.80IB(10), 148]