https://www.taxtmi.com/caselaws?id=197802 The reassessment proceedings initiated under section 148 of the Income Tax Act were deemed invalid as the Assessing Officer failed to mention the failure of the assessee to disclose all material facts. The Tribunal annulled the reassessment order, leading to the disallowance of depreciation on leased machinery being set aside. The appeal of the assessee was allowed, and the reassessment order was consequently annulled. en-us Fri, 11 Jan 2013 00:00:00 +0530 Tue, 16 Jan 2018 12:59:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197802 The reassessment proceedings initiated under section 148 of the Income Tax Act were deemed invalid as the Assessing Officer failed to mention the failure of the assessee to disclose all material facts. The Tribunal annulled the reassessment order, leading to the disallowance of depreciation on leased machinery being set aside. The appeal of the assessee was allowed, and the reassessment order was consequently annulled. Case-Laws Income Tax Fri, 11 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197802