https://www.taxtmi.com/caselaws?id=62322 The Tribunal upheld the CIT(A)'s decision, declaring the reassessments for all the years under consideration as invalid. It emphasized that the reopening of assessments beyond four years was not justified due to the absence of any failure by the assessee to disclose material facts. Additionally, the Tribunal noted that the CBDT Circular and the proof of payment of agricultural income tax negated the need for reassessment. Consequently, all appeals by the Revenue for the assessment years 1987-88 to 1993-94 were dismissed. en-us Tue, 26 Apr 2005 00:00:00 +0530 Sat, 07 Jul 2012 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62322 The Tribunal upheld the CIT(A)'s decision, declaring the reassessments for all the years under consideration as invalid. It emphasized that the reopening of assessments beyond four years was not justified due to the absence of any failure by the assessee to disclose material facts. Additionally, the Tribunal noted that the CBDT Circular and the proof of payment of agricultural income tax negated the need for reassessment. Consequently, all appeals by the Revenue for the assessment years 1987-88 to 1993-94 were dismissed. Case-Laws Income Tax Tue, 26 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62322