PUNRASAR JUTE PARK LIMITED,PURNEA vs. CIT, PURNEA

In the result, the appeal of the assessee is allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

section 147 of the Act because it is beyond four years from the end of the relevant assessment year and there is no failure on the part of the assessee to disclose fully and truly all material facts during original assessment. The relevant part of the same reads as under:- Ground nos.1 to 5: Invocation of sec.147