https://www.taxtmi.com/caselaws?id=13845 The High Court of Gujarat ruled in favor of the assessee, finding the reopening of assessment under section 147(b) of the Income-tax Act invalid. Additionally, the ex parte assessment order passed by the Income-tax Officer was deemed illegal. The Court upheld the Tribunal's decision, concluding that there was no failure to disclose material facts by the assessee, and the Assessing Officer lacked valid reasons to believe income had escaped assessment. The Court dismissed the Revenue's appeal, affirming the assessee's position. en-us Sat, 24 Jul 1999 00:00:00 +0530 Fri, 03 Jul 2009 12:31:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13845 The High Court of Gujarat ruled in favor of the assessee, finding the reopening of assessment under section 147(b) of the Income-tax Act invalid. Additionally, the ex parte assessment order passed by the Income-tax Officer was deemed illegal. The Court upheld the Tribunal's decision, concluding that there was no failure to disclose material facts by the assessee, and the Assessing Officer lacked valid reasons to believe income had escaped assessment. The Court dismissed the Revenue's appeal, affirming the assessee's position. Case-Laws Income Tax Sat, 24 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13845