https://www.taxtmi.com/caselaws?id=325870 The Tribunal quashed the reopening of the assessment under section 147 read with section 148 of the Act, ruling it as bad in law due to the absence of failure on the part of the assessee to disclose material facts. Consequently, the revenue's appeals were dismissed, and the assessee's cross objections were allowed. The Tribunal did not further examine the case's merits as the reassessment proceedings were already annulled. The decision was rendered on 20.01.2016. en-us Wed, 20 Jan 2016 00:00:00 +0530 Thu, 31 Mar 2016 10:41:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325870 The Tribunal quashed the reopening of the assessment under section 147 read with section 148 of the Act, ruling it as bad in law due to the absence of failure on the part of the assessee to disclose material facts. Consequently, the revenue's appeals were dismissed, and the assessee's cross objections were allowed. The Tribunal did not further examine the case's merits as the reassessment proceedings were already annulled. The decision was rendered on 20.01.2016. Case-Laws Income Tax Wed, 20 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325870