https://www.taxtmi.com/caselaws?id=174657 The High Court ruled in favor of the assessee, annulling the assessment and dismissing the Revenue's appeal as infructuous. The court held that failure to disclose material facts is a pre-condition for invoking jurisdiction under section 147 of the Income-tax Act, 1961. Since the assessing officer did not record satisfaction of such failure, the reopening and subsequent assessment were deemed without jurisdiction. The decision was pronounced on 18th November, 2011. en-us Fri, 18 Nov 2011 00:00:00 +0530 Wed, 14 Oct 2015 10:43:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174657 The High Court ruled in favor of the assessee, annulling the assessment and dismissing the Revenue's appeal as infructuous. The court held that failure to disclose material facts is a pre-condition for invoking jurisdiction under section 147 of the Income-tax Act, 1961. Since the assessing officer did not record satisfaction of such failure, the reopening and subsequent assessment were deemed without jurisdiction. The decision was pronounced on 18th November, 2011. Case-Laws Income Tax Fri, 18 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174657