https://www.taxtmi.com/caselaws?id=244014 The Tribunal upheld the decision that the reassessment proceedings were invalid as the reassessment notice was issued beyond the permissible time limit, and there was no failure on the part of the assessee to disclose material facts. The department's appeal was dismissed, and the cross objection by the assessee was also dismissed as infructuous. The Tribunal emphasized the importance of adhering to statutory time limits and reaffirmed the legal principles governing reassessment proceedings. en-us Wed, 12 Feb 2014 00:00:00 +0530 Sat, 15 Feb 2014 16:10:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244014 The Tribunal upheld the decision that the reassessment proceedings were invalid as the reassessment notice was issued beyond the permissible time limit, and there was no failure on the part of the assessee to disclose material facts. The department's appeal was dismissed, and the cross objection by the assessee was also dismissed as infructuous. The Tribunal emphasized the importance of adhering to statutory time limits and reaffirmed the legal principles governing reassessment proceedings. Case-Laws Income Tax Wed, 12 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244014