https://www.taxtmi.com/caselaws?id=76209 The High Court held that reassessments under section 147 of the Income-tax Act were within time as material facts necessary for assessment were not disclosed, allowing the appeals. The Court deemed appeals maintainable based on tax effect criteria, as the tax involved in relevant years exceeded the prescribed limit. The Court remanded the matter for further assessment, emphasizing the importance of considering data from the firm's accounts. en-us Tue, 20 Oct 2009 00:00:00 +0530 Tue, 15 Jun 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76209 The High Court held that reassessments under section 147 of the Income-tax Act were within time as material facts necessary for assessment were not disclosed, allowing the appeals. The Court deemed appeals maintainable based on tax effect criteria, as the tax involved in relevant years exceeded the prescribed limit. The Court remanded the matter for further assessment, emphasizing the importance of considering data from the firm's accounts. Case-Laws Income Tax Tue, 20 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76209