The Assistant Commissioner of Income Tax Versus Somatheeram Ayurvedic Hospital Yoga Centre Pvt. Ltd. - Income Tax - ITAT COCHIN - Tri - Validity of reassessment u/s 147 - Without recording the reasons for reopening - Held that - The AO has not showed that escapement of income is on account of failure on the part of the assessee to fully and truly disclose all material facts necessary for assessment - The assessment year involved is A.Y. 2004-05 and impugned notice u/s. 148 was issue on 23.3.20................................... Income Tax - Case Laws
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