https://www.taxtmi.com/caselaws?id=363275 The Tribunal allowed the appeal by the assessee, holding that the reassessment proceedings under Section 147 were not validly initiated. The reassessment order was annulled due to lack of clear indication of the assessee's failure to disclose material facts, rendering other grounds raised on merits moot. The decision emphasized the necessity for the AO to specify such failure when initiating reassessment proceedings beyond the statutory period. en-us Fri, 06 Jul 2018 00:00:00 +0530 Tue, 10 Jul 2018 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363275 The Tribunal allowed the appeal by the assessee, holding that the reassessment proceedings under Section 147 were not validly initiated. The reassessment order was annulled due to lack of clear indication of the assessee's failure to disclose material facts, rendering other grounds raised on merits moot. The decision emphasized the necessity for the AO to specify such failure when initiating reassessment proceedings beyond the statutory period. Case-Laws Income Tax Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363275