https://www.taxtmi.com/caselaws?id=61888 The Tribunal held that the reassessment under section 147(a) of the Income-tax Act, 1961 was invalid and illegal as it was time-barred, being made beyond the four-year limitation period. The reassessment was challenged on the grounds that all relevant materials were already disclosed during the original assessment, and there was no new information warranting the reopening. The Tribunal found that the assessee had fully and truly disclosed all material facts necessary for the assessment, as required by law. Consequently, the reassessment order was set aside, and the appeal was allowed in favor of the assessee. en-us Tue, 10 Dec 1996 00:00:00 +0530 Sat, 15 Jan 2011 18:24:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61888 The Tribunal held that the reassessment under section 147(a) of the Income-tax Act, 1961 was invalid and illegal as it was time-barred, being made beyond the four-year limitation period. The reassessment was challenged on the grounds that all relevant materials were already disclosed during the original assessment, and there was no new information warranting the reopening. The Tribunal found that the assessee had fully and truly disclosed all material facts necessary for the assessment, as required by law. Consequently, the reassessment order was set aside, and the appeal was allowed in favor of the assessee. Case-Laws Income Tax Tue, 10 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61888