https://www.taxtmi.com/caselaws?id=269869 The Tribunal ruled in favor of the assessee, setting aside the lower authorities' orders and quashing the reassessment. The reopening of the assessment beyond the four-year period under Section 147 of the Income-tax Act, 1961 was deemed unjustified as there was no negligence on the part of the assessee in furnishing necessary particulars for completing the assessment. The Tribunal found that the assessee had provided detailed explanations and documents, concluding that the reassessment was unwarranted due to the lack of negligence. en-us Fri, 27 Nov 2015 00:00:00 +0530 Wed, 23 Dec 2015 08:47:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269869 The Tribunal ruled in favor of the assessee, setting aside the lower authorities' orders and quashing the reassessment. The reopening of the assessment beyond the four-year period under Section 147 of the Income-tax Act, 1961 was deemed unjustified as there was no negligence on the part of the assessee in furnishing necessary particulars for completing the assessment. The Tribunal found that the assessee had provided detailed explanations and documents, concluding that the reassessment was unwarranted due to the lack of negligence. Case-Laws Income Tax Fri, 27 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269869