https://www.taxtmi.com/caselaws?id=265476 The Court upheld the Tribunal's decision to set aside the reassessment order under Section 143(3) of the Income Tax Act, 1961, finding the notice issued under Section 148 for reopening the assessment to be invalid. The Court emphasized the necessity of the assessee's failure to disclose all material facts for a valid reassessment, which was not evident in this case. As a result, the appeal filed by the Revenue challenging the Tribunal's decision was dismissed, as no substantial question of law arose regarding the reopening of the assessment. en-us Tue, 22 Sep 2015 00:00:00 +0530 Mon, 12 Oct 2015 06:13:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265476 The Court upheld the Tribunal's decision to set aside the reassessment order under Section 143(3) of the Income Tax Act, 1961, finding the notice issued under Section 148 for reopening the assessment to be invalid. The Court emphasized the necessity of the assessee's failure to disclose all material facts for a valid reassessment, which was not evident in this case. As a result, the appeal filed by the Revenue challenging the Tribunal's decision was dismissed, as no substantial question of law arose regarding the reopening of the assessment. Case-Laws Income Tax Tue, 22 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265476