https://www.taxtmi.com/caselaws?id=190409 The Tribunal upheld the decision of the Commissioner (Appeals) in annulling the assessment, stating that the re-opening of assessment under section 147, after the expiry of the specified period, without any failure to disclose necessary facts, was invalid. The judgment emphasized the requirement of a failure to disclose material facts by the assessee and highlighted that re-assessment based on the same facts considered in the original assessment, without new tangible material, and after the acceptance of certain claims in previous proceedings, was not valid. Consequently, the Revenue's appeal was dismissed. en-us Fri, 30 Oct 2015 00:00:00 +0530 Tue, 14 Feb 2017 18:14:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190409 The Tribunal upheld the decision of the Commissioner (Appeals) in annulling the assessment, stating that the re-opening of assessment under section 147, after the expiry of the specified period, without any failure to disclose necessary facts, was invalid. The judgment emphasized the requirement of a failure to disclose material facts by the assessee and highlighted that re-assessment based on the same facts considered in the original assessment, without new tangible material, and after the acceptance of certain claims in previous proceedings, was not valid. Consequently, the Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190409