https://www.taxtmi.com/caselaws?id=192731 The Income Tax Appellate Tribunal (ITAT) dismissed the Revenue's appeal, upholding the decision of the Commissioner of Income Tax (Appeals) to quash the reassessment order. The ITAT emphasized that the Assessing Officer's failure to allege that the income escaped assessment due to the assessee's non-disclosure of material facts rendered the reassessment invalid. The Tribunal referred to various case laws highlighting the requirement for the AO to establish such failure for reopening assessments after four years. The appeal was dismissed on 7th June 2016 in Ahmedabad. en-us Tue, 07 Jun 2016 00:00:00 +0530 Thu, 15 Jun 2017 07:57:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192731 The Income Tax Appellate Tribunal (ITAT) dismissed the Revenue's appeal, upholding the decision of the Commissioner of Income Tax (Appeals) to quash the reassessment order. The ITAT emphasized that the Assessing Officer's failure to allege that the income escaped assessment due to the assessee's non-disclosure of material facts rendered the reassessment invalid. The Tribunal referred to various case laws highlighting the requirement for the AO to establish such failure for reopening assessments after four years. The appeal was dismissed on 7th June 2016 in Ahmedabad. Case-Laws Income Tax Tue, 07 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192731