High Court of Karnataka Adjudicates Writ Petition Challenging Reopening of Assessment Under Sections 147/148 of Income Tax Act, 1961. Petition Contended That Reopening Was Barred by Limitation and Without Jurisdiction; Court Examined the First Proviso to Section 147 and the Requirement of Full Disclosure....
The petitioner, a company engaged in software development and providing services to foreign clients, challenged the reopening of its assessment for the assessment year 2012-13 by the revenue authoriti...
