https://www.taxtmi.com/caselaws?id=212959 The High Court remitted the case back to the ITAT to reexamine whether the AO had validly initiated reassessment proceedings under Sections 147/148 of the Income Tax Act. The court emphasized the need for the AO to have applied his mind and reached an opinion regarding the assessee's failure to fully disclose material facts. The ITAT's decision to quash the reassessment was overturned, and the case was sent back for further review. The final order favored the Revenue, directing the assessee to appear before the ITAT for a new hearing. en-us Thu, 29 Mar 2012 00:00:00 +0530 Wed, 02 May 2012 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212959 The High Court remitted the case back to the ITAT to reexamine whether the AO had validly initiated reassessment proceedings under Sections 147/148 of the Income Tax Act. The court emphasized the need for the AO to have applied his mind and reached an opinion regarding the assessee's failure to fully disclose material facts. The ITAT's decision to quash the reassessment was overturned, and the case was sent back for further review. The final order favored the Revenue, directing the assessee to appear before the ITAT for a new hearing. Case-Laws Income Tax Thu, 29 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212959