https://www.taxtmi.com/caselaws?id=219405 The High Court ruled that the reopening of assessments beyond the prescribed timeframe was legally flawed as there was no failure on the part of the assessee to disclose material facts. Emphasizing the necessity for full disclosure by the assessee before reassessment, the Court dismissed the appeals, affirming the decisions of the CIT(A) and ITAT. The judgment underscored adherence to statutory provisions and the requirement for assessing authorities to establish failures in disclosure before reopening assessments. en-us Mon, 19 Nov 2012 00:00:00 +0530 Thu, 13 Dec 2012 12:16:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219405 The High Court ruled that the reopening of assessments beyond the prescribed timeframe was legally flawed as there was no failure on the part of the assessee to disclose material facts. Emphasizing the necessity for full disclosure by the assessee before reassessment, the Court dismissed the appeals, affirming the decisions of the CIT(A) and ITAT. The judgment underscored adherence to statutory provisions and the requirement for assessing authorities to establish failures in disclosure before reopening assessments. Case-Laws Income Tax Mon, 19 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219405