Held that the assessee had made disclosure of all necessary facts for completion of assessment, there is allegation of failure to disclose material facts. Reassessment is quashed and set aside. (AY.2014-15)
Ashok Kumar Kolla v. Dy. CIT (2024) 116 ITR 73 (SN)(Hyd)(Trib)
S. 147 : Reassessment-After the expiry of four years-Excess Indexed cost of acquisition-No failure to disclose material facts-Reassessment is quashed.[S. 45, 143(3), 148]