https://www.taxtmi.com/caselaws?id=205213 The Court held that the reassessment proceedings for the assessment year 1985-86 were invalid. The reopening notice issued on 16.3.1993 exceeded the permissible period under Section 17(1)(b), and there was no failure by the assessee to disclose material facts under Section 17(1)(a). The appeal was dismissed, affirming the Tribunal's decision and rejecting the Revenue's arguments. en-us Wed, 06 Jul 2011 00:00:00 +0530 Thu, 14 Jun 2012 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205213 The Court held that the reassessment proceedings for the assessment year 1985-86 were invalid. The reopening notice issued on 16.3.1993 exceeded the permissible period under Section 17(1)(b), and there was no failure by the assessee to disclose material facts under Section 17(1)(a). The appeal was dismissed, affirming the Tribunal's decision and rejecting the Revenue's arguments. Case-Laws Wealth-tax Wed, 06 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205213