S. 147 : Reassessment–Method of accounting-Full and true disclosure of all material facts regarding change in method of accounting in respect of Non-Performing Assets (NPAs) at time of assessment itself-Reassessment is held to be bad in law. [S. 145, 148]
PCIT v. Punjab and Sind Bank. (2019) 108 taxmann.com 351 / 265 Taxman 538 ( Delhi) (HC) Editorial: SLP of revenue is dismissed, PCIT v. Punjab and Sind Bank. (2019) 265 Taxman 537 (SC)