https://www.taxtmi.com/caselaws?id=258459 The court held that the proceedings under Section 147 of the Income Tax Act were not sustainable as they were initiated beyond four years without sufficient grounds for alleging a lack of full and true disclosure of material facts by the assessee. The court found that the material facts were disclosed before the completion of the assessment for the relevant year. Consequently, the impugned orders were set aside, and the writ petitions were allowed, with the court ruling that the proceedings were time-barred and could not be extended. en-us Fri, 20 Mar 2015 00:00:00 +0530 Sat, 05 Mar 2016 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258459 The court held that the proceedings under Section 147 of the Income Tax Act were not sustainable as they were initiated beyond four years without sufficient grounds for alleging a lack of full and true disclosure of material facts by the assessee. The court found that the material facts were disclosed before the completion of the assessment for the relevant year. Consequently, the impugned orders were set aside, and the writ petitions were allowed, with the court ruling that the proceedings were time-barred and could not be extended. Case-Laws Income Tax Fri, 20 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258459