ITO v. K. Murugan (2023) 37 NYPTTJ 861 / (2024) 227 TTJ 121 / 233 DTR 72 (Chennai)(Trib)

S.147: Reassessment-After the expiry of four years-Audit objection-Re assessment is valid.[S. 148]

Held that reasons recorded for reopening of assessment clearly establish that there was failure of the assessee to disclose fully and truly all material facts necessary for assessment; although the assessment is  reopened on the basis of audit objection is held to be valid.  (AY. 2008-09  2010-11 to 2013-14)

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