IT: Non-filing of document, viz., Form 3 CEB, in response to notice under section 142(1) will not, by itself, without anything more entitle Assessing Officer to take action to reassess an assessee in respect of an assessment year after expiry of four years from end of relevant assessment year

IT: Non-filing of document, viz., Form 3 CEB, in response to notice under section 142(1) will not, by itself, without anything more entitle Assessing Officer to take action to reassess an assessee in respect of an assessment year after expiry of four years from end of relevant assessment year

IT: Mere furnishing of information of international transactions in audited accounts, cannot satisfy requirement of full and true disclosure under section

147

IT: Reopening of assessment was justified where assessee failed to furnish necessary facts in terms of section 92E

[2013] 39 taxmann.com 162 (Bombay)

HIGH COURT OF BOMBAY

Sitara Diamond (P.) Ltd.

v.

Income-tax Officer, 8(3)(2)*