https://www.taxtmi.com/caselaws?id=240691 The Tribunal held that the Assessing Officer lacked valid reasons to believe income had escaped assessment under section 147. The reopening of the assessment was deemed void ab initio due to the absence of failure by the assessee to disclose all material facts. Consequently, the entire assessment order was quashed, with the assessee's appeal allowed. The Revenue's appeal, based on additions, was dismissed following the quashing of the assessment order. en-us Wed, 23 Jan 2013 00:00:00 +0530 Tue, 10 Dec 2013 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240691 The Tribunal held that the Assessing Officer lacked valid reasons to believe income had escaped assessment under section 147. The reopening of the assessment was deemed void ab initio due to the absence of failure by the assessee to disclose all material facts. Consequently, the entire assessment order was quashed, with the assessee's appeal allowed. The Revenue's appeal, based on additions, was dismissed following the quashing of the assessment order. Case-Laws Income Tax Wed, 23 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240691