https://www.taxtmi.com/caselaws?id=266335 The revenue's appeal challenging the reopening of assessment under MAT provisions for the assessment year 2005-06 was dismissed. The CIT(A) found the reopening invalid as it was done beyond the prescribed time limit and without any failure on the assessee's part to disclose necessary facts. The Appellate Tribunal upheld this decision, emphasizing the importance of full disclosure by the assessee during the original assessment to prevent arbitrary reassessments. The judgment highlights the need for valid reasons before reopening assessments and the statutory requirements that must be met. en-us Thu, 11 Jun 2015 00:00:00 +0530 Mon, 19 Oct 2015 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266335 The revenue's appeal challenging the reopening of assessment under MAT provisions for the assessment year 2005-06 was dismissed. The CIT(A) found the reopening invalid as it was done beyond the prescribed time limit and without any failure on the assessee's part to disclose necessary facts. The Appellate Tribunal upheld this decision, emphasizing the importance of full disclosure by the assessee during the original assessment to prevent arbitrary reassessments. The judgment highlights the need for valid reasons before reopening assessments and the statutory requirements that must be met. Case-Laws Income Tax Thu, 11 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266335