https://www.taxtmi.com/caselaws?id=151228 The Tribunal found that the initiation of reassessment proceedings under section 147 after the expiry of four years was invalid as the Assessing Officer failed to demonstrate any new material facts not disclosed during the original assessment. The reassessment proceedings were deemed without jurisdiction as there was no failure on the part of the assessee to fully disclose necessary information. Consequently, the reassessment order was declared invalid and without jurisdiction, leading to the partial allowance of the assessee's appeal and the dismissal of the Revenue's appeal. en-us Thu, 13 May 2010 00:00:00 +0530 Sat, 01 Jun 2013 18:13:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151228 The Tribunal found that the initiation of reassessment proceedings under section 147 after the expiry of four years was invalid as the Assessing Officer failed to demonstrate any new material facts not disclosed during the original assessment. The reassessment proceedings were deemed without jurisdiction as there was no failure on the part of the assessee to fully disclose necessary information. Consequently, the reassessment order was declared invalid and without jurisdiction, leading to the partial allowance of the assessee's appeal and the dismissal of the Revenue's appeal. Case-Laws Income Tax Thu, 13 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151228