https://www.taxtmi.com/caselaws?id=71259 The Tribunal allowed the appeal in favor of the assessee, holding that the reopening of the assessment after four years was invalid due to the absence of any failure on the part of the assessee to disclose fully and truly all material facts necessary for the assessment. Consequently, the reassessment proceedings and the addition of Rs. 2 lakhs under Section 68 were also rendered invalid. en-us Mon, 19 Sep 2005 00:00:00 +0530 Fri, 06 Jul 2012 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71259 The Tribunal allowed the appeal in favor of the assessee, holding that the reopening of the assessment after four years was invalid due to the absence of any failure on the part of the assessee to disclose fully and truly all material facts necessary for the assessment. Consequently, the reassessment proceedings and the addition of Rs. 2 lakhs under Section 68 were also rendered invalid. Case-Laws Income Tax Mon, 19 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71259