https://www.taxtmi.com/caselaws?id=178866 The Tribunal upheld the decision of the CIT(A) to annul the reassessment for Assessment Years 2002-03 and 2003-04 under section 147/143(3) of the Income Tax Act, 1961. The reassessment was deemed void as the assessee had disclosed all material facts during the original assessment, and there was no failure to disclose necessary information. The reassessment notice was quashed due to exceeding the four-year time limit and being based on a change of opinion without fresh material, in line with a decision of the Delhi High Court. en-us Mon, 25 Apr 2011 00:00:00 +0530 Mon, 15 Feb 2016 12:48:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178866 The Tribunal upheld the decision of the CIT(A) to annul the reassessment for Assessment Years 2002-03 and 2003-04 under section 147/143(3) of the Income Tax Act, 1961. The reassessment was deemed void as the assessee had disclosed all material facts during the original assessment, and there was no failure to disclose necessary information. The reassessment notice was quashed due to exceeding the four-year time limit and being based on a change of opinion without fresh material, in line with a decision of the Delhi High Court. Case-Laws Income Tax Mon, 25 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178866