https://www.taxtmi.com/caselaws?id=119001 The Appellate Tribunal ruled that the reopening of assessment under section 147 was unjustified as there was no failure to disclose material facts by the assessee. Consequently, the reassessment was quashed, leading to the dismissal of the revenue's appeal regarding the disallowance of interest amounting to Rs. 9,32,603. en-us Wed, 08 Jun 2005 00:00:00 +0530 Sat, 07 Jul 2012 13:15:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119001 The Appellate Tribunal ruled that the reopening of assessment under section 147 was unjustified as there was no failure to disclose material facts by the assessee. Consequently, the reassessment was quashed, leading to the dismissal of the revenue's appeal regarding the disallowance of interest amounting to Rs. 9,32,603. Case-Laws Income Tax Wed, 08 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119001