https://www.taxtmi.com/caselaws?id=369332 The Tribunal allowed the appeal of the assessee, ruling that the reopening of the assessment beyond four years was not justified as all material facts were disclosed during the original assessment. The addition of Rs. 50 lakhs as unaccounted income was deemed unjustified as it relied on previously examined information. The Tribunal did not extensively address the addition of Rs. 90,000 as unexplained investment. The appeal succeeded based on the invalidity of the notice under section 148 of the Income Tax Act. en-us Tue, 23 Oct 2018 00:00:00 +0530 Thu, 25 Oct 2018 08:45:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369332 The Tribunal allowed the appeal of the assessee, ruling that the reopening of the assessment beyond four years was not justified as all material facts were disclosed during the original assessment. The addition of Rs. 50 lakhs as unaccounted income was deemed unjustified as it relied on previously examined information. The Tribunal did not extensively address the addition of Rs. 90,000 as unexplained investment. The appeal succeeded based on the invalidity of the notice under section 148 of the Income Tax Act. Case-Laws Income Tax Tue, 23 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369332