https://www.taxtmi.com/caselaws?id=250119 The Income Tax Appellate Tribunal (ITAT) set aside the reopening of a concluded assessment under section 147, as the Assessing Officer (AO) failed to establish lack of full disclosure by the assessee, rendering the reopening invalid. Consequently, the ITAT did not address the disallowance of royalty expenditure, deeming the reassessment order nonoperational. The appeal was allowed, and the consequential addition was directed to be deleted. en-us Thu, 31 Jul 2014 00:00:00 +0530 Mon, 04 Aug 2014 11:19:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250119 The Income Tax Appellate Tribunal (ITAT) set aside the reopening of a concluded assessment under section 147, as the Assessing Officer (AO) failed to establish lack of full disclosure by the assessee, rendering the reopening invalid. Consequently, the ITAT did not address the disallowance of royalty expenditure, deeming the reassessment order nonoperational. The appeal was allowed, and the consequential addition was directed to be deleted. Case-Laws Income Tax Thu, 31 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250119