https://www.taxtmi.com/caselaws?id=216701 The Tribunal upheld the CIT(A)'s decision to annul the assessment order due to the invalid reopening of the assessment under section 147 of the Income Tax Act, 1961. The Tribunal found that the reassessment was initiated beyond the permissible four-year limit without establishing the assessee's failure to disclose material facts. Additionally, the failure of the Assessing Officer to address objections raised by the assessee further invalidated the proceedings. The Revenue's appeal was dismissed, affirming the annulment of the assessment order. en-us Fri, 29 Jun 2012 00:00:00 +0530 Wed, 19 Sep 2012 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216701 The Tribunal upheld the CIT(A)'s decision to annul the assessment order due to the invalid reopening of the assessment under section 147 of the Income Tax Act, 1961. The Tribunal found that the reassessment was initiated beyond the permissible four-year limit without establishing the assessee's failure to disclose material facts. Additionally, the failure of the Assessing Officer to address objections raised by the assessee further invalidated the proceedings. The Revenue's appeal was dismissed, affirming the annulment of the assessment order. Case-Laws Income Tax Fri, 29 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216701