https://www.taxtmi.com/caselaws?id=248974 The High Court upheld the decision of the Tribunal and CIT(A) in a case concerning reassessment under Section 147 of the Income Tax Act. The Court ruled that the reassessment, initiated beyond the permissible period, lacked justification as there was no allegation of the assessee failing to disclose material facts. The Court dismissed the Revenue's appeal, affirming the invalidity of the reassessment proceedings due to the absence of a specific allegation of non-disclosure by the assessee. en-us Tue, 10 Jun 2014 00:00:00 +0530 Thu, 21 Aug 2014 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248974 The High Court upheld the decision of the Tribunal and CIT(A) in a case concerning reassessment under Section 147 of the Income Tax Act. The Court ruled that the reassessment, initiated beyond the permissible period, lacked justification as there was no allegation of the assessee failing to disclose material facts. The Court dismissed the Revenue's appeal, affirming the invalidity of the reassessment proceedings due to the absence of a specific allegation of non-disclosure by the assessee. Case-Laws Income Tax Tue, 10 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248974