Escapement Of Income not Reflected and Material Facts truly and Fully discussed at the time of Original Assessment: ITAT Sets aside Reopening after 4 years [Read Order]

By Fathima Karama A.M - On September 20, 2023 3:00 pm - 3 mins read
Escapement Of Income not Reflected and Material Facts truly and Fully discussed - time of Original Assessment - ITAT - Reopening - TAXSCAN

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has set aside the reopening done after 4 years as the escapement of income was not reflected and material facts were truly and fully discussed at the time of original assessment. The assessee company, IOT Anwesha Engineering and Projects Ltd engaged in the business of fabrication…

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