https://www.taxtmi.com/caselaws?id=269469 The High Court condoned the delay in refiling appeals and dismissed the appeals by the Revenue challenging the reopening of assessments under Section 147/148 of the Income Tax Act. The Court found the reopening invalid due to failure to disclose material particulars within the prescribed time frame and lack of addressing objections raised by the Assessees. While refraining from imposing heavy costs, the Court directed the Revenue to strictly adhere to legal requirements for reopening assessments, ensuring compliance with Supreme Court decisions and addressing Assessees' objections. The Court emphasized the need for proper compliance and issued directives for future assessments. en-us Mon, 12 Oct 2015 00:00:00 +0530 Mon, 14 Dec 2015 23:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269469 The High Court condoned the delay in refiling appeals and dismissed the appeals by the Revenue challenging the reopening of assessments under Section 147/148 of the Income Tax Act. The Court found the reopening invalid due to failure to disclose material particulars within the prescribed time frame and lack of addressing objections raised by the Assessees. While refraining from imposing heavy costs, the Court directed the Revenue to strictly adhere to legal requirements for reopening assessments, ensuring compliance with Supreme Court decisions and addressing Assessees' objections. The Court emphasized the need for proper compliance and issued directives for future assessments. Case-Laws Income Tax Mon, 12 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269469