https://www.taxtmi.com/caselaws?id=362620 The Tribunal held that the reassessment proceedings under section 147 of the Income Tax Act were invalid as the reasons for reopening did not demonstrate any failure by the assessee to disclose material facts. Consequently, the assessment order passed by the AO was quashed. The Tribunal dismissed the Revenue's appeal and allowed the Cross Objection filed by the assessee. en-us Mon, 28 May 2018 00:00:00 +0530 Fri, 29 Jun 2018 07:16:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362620 The Tribunal held that the reassessment proceedings under section 147 of the Income Tax Act were invalid as the reasons for reopening did not demonstrate any failure by the assessee to disclose material facts. Consequently, the assessment order passed by the AO was quashed. The Tribunal dismissed the Revenue's appeal and allowed the Cross Objection filed by the assessee. Case-Laws Income Tax Mon, 28 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362620