https://www.taxtmi.com/caselaws?id=227247 The Tribunal held that the reopening of the assessment under Section 147 was invalid due to the Assessing Officer's failure to record the assessee's failure to disclose all material facts. The assessment order was quashed, and the appeal by the assessee was allowed. The addition under Section 2(22)(e) was deemed inapplicable as the assessee was not a registered or beneficial shareholder in the relevant companies. The issue of disallowance under Section 80M was not addressed as the primary reopening issue was found to be invalid. en-us Fri, 22 Jun 2012 00:00:00 +0530 Tue, 23 Apr 2013 07:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=227247 The Tribunal held that the reopening of the assessment under Section 147 was invalid due to the Assessing Officer's failure to record the assessee's failure to disclose all material facts. The assessment order was quashed, and the appeal by the assessee was allowed. The addition under Section 2(22)(e) was deemed inapplicable as the assessee was not a registered or beneficial shareholder in the relevant companies. The issue of disallowance under Section 80M was not addressed as the primary reopening issue was found to be invalid. Case-Laws Income Tax Fri, 22 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=227247