https://www.taxtmi.com/caselaws?id=326698 The appellate tribunal allowed the appeal filed by the assessee, ruling in favor of the assessee due to the lack of evidence supporting the re-opening of assessment. The tribunal emphasized the importance of the AO establishing the failure of the assessee to disclose material facts for income escapement when re-opening assessments. The judgment highlighted the necessity of meeting the conditions specified in Section 147 and the proviso for valid reassessment, ultimately invalidating the re-opening of assessment beyond the four-year period. en-us Wed, 13 Apr 2016 00:00:00 +0530 Fri, 22 Apr 2016 08:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326698 The appellate tribunal allowed the appeal filed by the assessee, ruling in favor of the assessee due to the lack of evidence supporting the re-opening of assessment. The tribunal emphasized the importance of the AO establishing the failure of the assessee to disclose material facts for income escapement when re-opening assessments. The judgment highlighted the necessity of meeting the conditions specified in Section 147 and the proviso for valid reassessment, ultimately invalidating the re-opening of assessment beyond the four-year period. Case-Laws Income Tax Wed, 13 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326698