https://www.taxtmi.com/caselaws?id=68546 The Tribunal upheld the decision of the CIT(A) that the notice for reopening the assessment was time-barred under section 149(1)(a)(ii) due to the lapse of seven years from the end of the assessment year 1981-82. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the validity of the CIT(A)'s order canceling the assessment made under section 147. The Tribunal emphasized the importance of concrete reasons and evidence to support the reopening of assessments under section 147, stressing adherence to legal procedures and limitations in such cases. en-us Tue, 09 Jul 2002 00:00:00 +0530 Thu, 31 Mar 2011 10:34:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68546 The Tribunal upheld the decision of the CIT(A) that the notice for reopening the assessment was time-barred under section 149(1)(a)(ii) due to the lapse of seven years from the end of the assessment year 1981-82. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the validity of the CIT(A)'s order canceling the assessment made under section 147. The Tribunal emphasized the importance of concrete reasons and evidence to support the reopening of assessments under section 147, stressing adherence to legal procedures and limitations in such cases. Case-Laws Income Tax Tue, 09 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68546