https://www.taxtmi.com/caselaws?id=204641 The court dismissed the appeal filed by the Revenue against the Tribunal's order for the assessment year 1996-97. The Tribunal's decision to set aside the reassessment order was upheld, citing it was time-barred under section 147 of the Income-tax Act. The court emphasized the importance of full disclosure of material facts by the assessee and the limitations on reassessment proceedings, concluding that no substantial question of law arose from the case. en-us Tue, 08 Sep 2009 00:00:00 +0530 Sat, 24 Mar 2012 13:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204641 The court dismissed the appeal filed by the Revenue against the Tribunal's order for the assessment year 1996-97. The Tribunal's decision to set aside the reassessment order was upheld, citing it was time-barred under section 147 of the Income-tax Act. The court emphasized the importance of full disclosure of material facts by the assessee and the limitations on reassessment proceedings, concluding that no substantial question of law arose from the case. Case-Laws Income Tax Tue, 08 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204641