https://www.taxtmi.com/caselaws?id=355343 The court ruled in favor of the petitioner, finding that there was no justification for reopening the assessment beyond the four-year period for both Assessment Years 2010-2011 and 2011-2012. The court emphasized that all necessary facts were already on record, and there was no failure on the part of the assessee to disclose material facts. Additionally, the court set aside the objection to the deduction of pension payments to retired partners, noting that the partnership deed contained provisions for such payments, which were already on record during the original assessment proceedings. en-us Tue, 06 Feb 2018 00:00:00 +0530 Tue, 13 Feb 2018 06:18:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355343 The court ruled in favor of the petitioner, finding that there was no justification for reopening the assessment beyond the four-year period for both Assessment Years 2010-2011 and 2011-2012. The court emphasized that all necessary facts were already on record, and there was no failure on the part of the assessee to disclose material facts. Additionally, the court set aside the objection to the deduction of pension payments to retired partners, noting that the partnership deed contained provisions for such payments, which were already on record during the original assessment proceedings. Case-Laws Income Tax Tue, 06 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355343