https://www.taxtmi.com/caselaws?id=191967 The Tribunal held that the reopening of assessments for the mentioned years under section 147 of the Act was time-barred as income had not escaped assessment due to the assessee's failure to disclose material facts. The Assessing Officer's findings were based on material already submitted during the original assessment, indicating no negligence on the assessee's part. Consequently, the Tribunal deemed the Assessing Officer's orders invalid, setting them aside and allowing the assessee's appeals for both assessment years. en-us Fri, 18 Mar 2016 00:00:00 +0530 Sat, 06 May 2017 07:27:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191967 The Tribunal held that the reopening of assessments for the mentioned years under section 147 of the Act was time-barred as income had not escaped assessment due to the assessee's failure to disclose material facts. The Assessing Officer's findings were based on material already submitted during the original assessment, indicating no negligence on the assessee's part. Consequently, the Tribunal deemed the Assessing Officer's orders invalid, setting them aside and allowing the assessee's appeals for both assessment years. Case-Laws Income Tax Fri, 18 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191967