https://www.taxtmi.com/caselaws?id=221223 The High Court Bombay dismissed appeals challenging the cancellation of reassessment proceedings initiated beyond the statutory four-year limit. The reassessment, based on a retrospective amendment to tax laws, was upheld by the court, ruling that such amendments do not imply failure to disclose material facts by the assessee. The appeals were dismissed without costs. en-us Fri, 01 Jul 2011 00:00:00 +0530 Thu, 28 Feb 2013 05:35:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221223 The High Court Bombay dismissed appeals challenging the cancellation of reassessment proceedings initiated beyond the statutory four-year limit. The reassessment, based on a retrospective amendment to tax laws, was upheld by the court, ruling that such amendments do not imply failure to disclose material facts by the assessee. The appeals were dismissed without costs. Case-Laws Income Tax Fri, 01 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221223