https://www.taxtmi.com/caselaws?id=252515 The Tribunal held that the reopening of the assessment under section 147 after four years was invalid as there was no failure on the part of the assessee to disclose material facts. It was noted that there was no rational nexus between the reasons for reopening and the actual additions made during reassessment. The Assessing Officer lacked tangible material to justify the reopening, and the additions made were routine disallowances. Consequently, the Tribunal allowed the assessee's appeals, quashed the reopening, and restored the original assessment under section 143(3). en-us Fri, 10 Oct 2014 00:00:00 +0530 Mon, 23 Feb 2015 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252515 The Tribunal held that the reopening of the assessment under section 147 after four years was invalid as there was no failure on the part of the assessee to disclose material facts. It was noted that there was no rational nexus between the reasons for reopening and the actual additions made during reassessment. The Assessing Officer lacked tangible material to justify the reopening, and the additions made were routine disallowances. Consequently, the Tribunal allowed the assessee's appeals, quashed the reopening, and restored the original assessment under section 143(3). Case-Laws Income Tax Fri, 10 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252515