https://www.taxtmi.com/caselaws?id=369076 The court held that the reopening of the assessment under Section 147 of the Income Tax Act was not justified. It was determined that the Assessing Officer had already examined the issue of unutilized CENVAT credit during the original assessment, and there was no failure on the petitioner's part to disclose material facts fully and truly. Moreover, the notice for reopening was issued beyond the permissible timeframe, rendering it invalid. As a result, the court set aside the notice and allowed and disposed of the petition. en-us Tue, 16 Oct 2018 00:00:00 +0530 Tue, 07 Apr 2026 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369076 The court held that the reopening of the assessment under Section 147 of the Income Tax Act was not justified. It was determined that the Assessing Officer had already examined the issue of unutilized CENVAT credit during the original assessment, and there was no failure on the petitioner's part to disclose material facts fully and truly. Moreover, the notice for reopening was issued beyond the permissible timeframe, rendering it invalid. As a result, the court set aside the notice and allowed and disposed of the petition. Case-Laws Income Tax Tue, 16 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369076