Court: | Bombay High Court |
Head Notes: | The Assessing Officer has to give details in the recorded reasons as to which fact or material was not disclosed by the Petitioner that led to its income escaping assessment. A mere bald assertion in the reasons that there was a failure on the part of the Petitioner to disclose fully and truly all material facts, without giving any details thereto is not sufficient. This being the case, the impugned Notice is bad in law on this ground alone and the Petitioner would be entitled to succeed in this Writ Petition. (a) Ananta Landmark (P) Ltd. Vs. DCIT [2021] 439 ITR 168 (Bombay) |
Law: | Income-Tax Act |
Section(s): | Section 147, Section 148 |
Counsel(s): | Mr. J.D. Mistri, Senior Advocate a/w Niraj Sheth, Ms. Gunjan Kakad i/b Atul K. Jasani, Advocates for the Petitioner. Mr. Akhileshwar Sharma, Advocate for the Respondents. |
Dowload Pdf File | Click here to download the file in pdf format |
Uploaded By | Advocate Swati Khandelwal |
Date of upload: | July 8, 2025 |
Leave a Reply