https://www.taxtmi.com/caselaws?id=334873 The Allahabad High Court ruled in favor of the assessee regarding the validity of a reassessment order under Section 260-A of the Income Tax Act, 1961 for the assessment year 1996-97. The Court found that the assessing authority did not have sufficient grounds to assume jurisdiction for reassessment as there was no failure on the part of the assessee to disclose all material facts. The High Court upheld the Tribunal's decision, dismissing the appeal against the assessee with no costs incurred. en-us Wed, 09 Nov 2016 00:00:00 +0530 Tue, 22 Nov 2016 15:38:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334873 The Allahabad High Court ruled in favor of the assessee regarding the validity of a reassessment order under Section 260-A of the Income Tax Act, 1961 for the assessment year 1996-97. The Court found that the assessing authority did not have sufficient grounds to assume jurisdiction for reassessment as there was no failure on the part of the assessee to disclose all material facts. The High Court upheld the Tribunal's decision, dismissing the appeal against the assessee with no costs incurred. Case-Laws Income Tax Wed, 09 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334873