https://www.taxtmi.com/caselaws?id=267684 The ITAT allowed the Revenue's appeal, setting aside the CIT(A)'s order and reinstating the AO's decision to reopen the assessment for the assessment year 2003-04. The judgment highlighted the necessity of full disclosure of material facts by the assessee for a valid assessment under Section 147 of the Income Tax Act. The assessee's claim of being a "working partner" was denied due to not being a direct partner in the firm, leading to the rejection of extended filing deadlines. en-us Fri, 30 Oct 2015 00:00:00 +0530 Tue, 10 Nov 2015 21:39:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267684 The ITAT allowed the Revenue's appeal, setting aside the CIT(A)'s order and reinstating the AO's decision to reopen the assessment for the assessment year 2003-04. The judgment highlighted the necessity of full disclosure of material facts by the assessee for a valid assessment under Section 147 of the Income Tax Act. The assessee's claim of being a "working partner" was denied due to not being a direct partner in the firm, leading to the rejection of extended filing deadlines. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267684