https://www.taxtmi.com/caselaws?id=367737 The High Court upheld the Tribunal's decision regarding the reassessment under Section 147 of the Income Tax Act, 1961 for the Assessment Year 1998-1999. The Court found that the reassessment was time-barred as there was no evidence of non-disclosure by the Assessee, who had fully disclosed all material facts in the return. The Court dismissed the Revenue's appeal, ruling in favor of the Assessee and emphasizing the importance of full disclosure by the taxpayer. No costs were awarded in the judgment. en-us Tue, 11 Sep 2018 00:00:00 +0530 Tue, 25 Sep 2018 08:25:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367737 The High Court upheld the Tribunal's decision regarding the reassessment under Section 147 of the Income Tax Act, 1961 for the Assessment Year 1998-1999. The Court found that the reassessment was time-barred as there was no evidence of non-disclosure by the Assessee, who had fully disclosed all material facts in the return. The Court dismissed the Revenue's appeal, ruling in favor of the Assessee and emphasizing the importance of full disclosure by the taxpayer. No costs were awarded in the judgment. Case-Laws Income Tax Tue, 11 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367737