https://www.taxtmi.com/caselaws?id=71843 The Tribunal held that the assessment was not time-barred, overturning the CIT(A)'s decision. The AO's reasons for reopening the assessment were deemed valid under Explanation 2(b) to section 147, establishing the necessity for the AO to demonstrate income understatement or excessive claims by the assessee. The matter was remanded to the CIT(A) for fresh adjudication on merits, as the initial decision solely focused on the limitation aspect. The Revenue's appeal was allowed for statistical purposes, setting aside the CIT(A)'s order. en-us Wed, 08 Nov 2000 00:00:00 +0530 Wed, 27 Apr 2011 13:43:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71843 The Tribunal held that the assessment was not time-barred, overturning the CIT(A)'s decision. The AO's reasons for reopening the assessment were deemed valid under Explanation 2(b) to section 147, establishing the necessity for the AO to demonstrate income understatement or excessive claims by the assessee. The matter was remanded to the CIT(A) for fresh adjudication on merits, as the initial decision solely focused on the limitation aspect. The Revenue's appeal was allowed for statistical purposes, setting aside the CIT(A)'s order. Case-Laws Income Tax Wed, 08 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71843