https://www.taxtmi.com/caselaws?id=221645 The High Court remanded the case back to the Tribunal for fresh consideration as it found the Tribunal's decision on the notice for reassessment being barred by limitation was incorrect. The Court emphasized the importance of determining whether there was a failure to disclose all material facts before assessing the validity of the reassessment notice. The case involved disputes over the validity of reopening assessments beyond the time limit, failure to disclose material facts, and the Tribunal's decision on the limitation period. The Court stressed the necessity of a comprehensive evaluation before making decisions and ordered a fresh consideration in accordance with the law. en-us Wed, 25 Jan 2012 00:00:00 +0530 Fri, 22 Mar 2013 21:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221645 The High Court remanded the case back to the Tribunal for fresh consideration as it found the Tribunal's decision on the notice for reassessment being barred by limitation was incorrect. The Court emphasized the importance of determining whether there was a failure to disclose all material facts before assessing the validity of the reassessment notice. The case involved disputes over the validity of reopening assessments beyond the time limit, failure to disclose material facts, and the Tribunal's decision on the limitation period. The Court stressed the necessity of a comprehensive evaluation before making decisions and ordered a fresh consideration in accordance with the law. Case-Laws Income Tax Wed, 25 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221645