https://www.taxtmi.com/caselaws?id=344284 The Court upheld the decision of the Tribunal and dismissed the Tax Appeal filed by the Revenue challenging the quashing of the notice under section 148 for reopening of assessment. The Court found that the Assessing Officer did not allege any failure on the part of the assessee to disclose material facts, and the discrepancies identified did not indicate non-disclosure of relevant facts. Therefore, the Court affirmed the Tribunal's decision, emphasizing the requirement of the assessee's failure to disclose all material facts for reassessment under section 147 of the Income Tax Act. en-us Wed, 07 Jun 2017 00:00:00 +0530 Wed, 14 Jun 2017 08:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344284 The Court upheld the decision of the Tribunal and dismissed the Tax Appeal filed by the Revenue challenging the quashing of the notice under section 148 for reopening of assessment. The Court found that the Assessing Officer did not allege any failure on the part of the assessee to disclose material facts, and the discrepancies identified did not indicate non-disclosure of relevant facts. Therefore, the Court affirmed the Tribunal's decision, emphasizing the requirement of the assessee's failure to disclose all material facts for reassessment under section 147 of the Income Tax Act. Case-Laws Income Tax Wed, 07 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344284