https://www.taxtmi.com/caselaws?id=245803 The ITAT DELHI allowed the appeal, ruling that the reopening of assessment beyond the four-year limitation period under Section 147 was invalid. The Tribunal found no failure on the appellant's part to disclose material facts necessary for assessment, as required by the proviso to Section 147. The decision emphasized adherence to statutory limitations and requirements for reopening assessments, ultimately leading to the quashing of the notice issued under Section 148 and the assessment order. en-us Fri, 04 Apr 2014 00:00:00 +0530 Thu, 15 Oct 2015 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245803 The ITAT DELHI allowed the appeal, ruling that the reopening of assessment beyond the four-year limitation period under Section 147 was invalid. The Tribunal found no failure on the appellant's part to disclose material facts necessary for assessment, as required by the proviso to Section 147. The decision emphasized adherence to statutory limitations and requirements for reopening assessments, ultimately leading to the quashing of the notice issued under Section 148 and the assessment order. Case-Laws Income Tax Fri, 04 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245803