https://www.taxtmi.com/caselaws?id=67572 The Appellate Tribunal ITAT Jaipur ruled on the jurisdiction of the ITO to initiate reassessment proceedings under section 147(a) of the Income-tax Act, 1961. The Tribunal upheld the Commissioner (Appeals)' decision to cancel the reassessment orders, stating that the ITO wrongly exercised jurisdiction as no income had escaped assessment due to the failure of the assessee to disclose material facts. The Tribunal found that the ITO's failure to investigate the investments during the initial assessments was a deliberate omission on his part, not due to any failure by the assessee. The reassessment orders were deemed invalid, and the revenue's appeals were dismissed. en-us Sat, 06 Feb 1982 00:00:00 +0530 Fri, 11 Mar 2011 13:49:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67572 The Appellate Tribunal ITAT Jaipur ruled on the jurisdiction of the ITO to initiate reassessment proceedings under section 147(a) of the Income-tax Act, 1961. The Tribunal upheld the Commissioner (Appeals)' decision to cancel the reassessment orders, stating that the ITO wrongly exercised jurisdiction as no income had escaped assessment due to the failure of the assessee to disclose material facts. The Tribunal found that the ITO's failure to investigate the investments during the initial assessments was a deliberate omission on his part, not due to any failure by the assessee. The reassessment orders were deemed invalid, and the revenue's appeals were dismissed. Case-Laws Income Tax Sat, 06 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67572