https://www.taxtmi.com/caselaws?id=3183 The Court upheld the Tribunal's decision regarding the reassessment under Section 143(3) r/w 147 of the Income Tax Act, finding that the reassessment initiated after four years lacked justification as there was no failure on the part of the assessee to disclose material facts. Relying on legal precedent emphasizing the requirement of non-disclosure of material facts for reassessment beyond four years, the Court dismissed the Revenue's appeals, concluding that no error or legal infirmity existed in the Tribunal's order. The case was closed without costs as no substantial questions of law were identified. en-us Wed, 06 Jun 2007 00:00:00 +0530 Tue, 29 Jul 2008 19:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3183 The Court upheld the Tribunal's decision regarding the reassessment under Section 143(3) r/w 147 of the Income Tax Act, finding that the reassessment initiated after four years lacked justification as there was no failure on the part of the assessee to disclose material facts. Relying on legal precedent emphasizing the requirement of non-disclosure of material facts for reassessment beyond four years, the Court dismissed the Revenue's appeals, concluding that no error or legal infirmity existed in the Tribunal's order. The case was closed without costs as no substantial questions of law were identified. Case-Laws Income Tax Wed, 06 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3183