https://www.taxtmi.com/caselaws?id=71352 The Tribunal reversed the CIT(A)'s decision annulling the assessment under section 147 and directed a fresh examination on merits, emphasizing the validity of reopening assessments even if all material facts were disclosed, relying on the Valuation Officer's report as evidence, and ensuring compliance with principles of natural justice. The Department's appeal was partly allowed for statistical purposes, and the assessee's cross-objection was also partly allowed for statistical purposes. en-us Thu, 30 Nov 2006 00:00:00 +0530 Thu, 26 Jul 2012 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71352 The Tribunal reversed the CIT(A)'s decision annulling the assessment under section 147 and directed a fresh examination on merits, emphasizing the validity of reopening assessments even if all material facts were disclosed, relying on the Valuation Officer's report as evidence, and ensuring compliance with principles of natural justice. The Department's appeal was partly allowed for statistical purposes, and the assessee's cross-objection was also partly allowed for statistical purposes. Case-Laws Income Tax Thu, 30 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71352