https://www.taxtmi.com/caselaws?id=370136 The Tribunal allowed the assessee's appeals, ruling the reopening of the assessment under Section 147 as legally untenable. Consequently, the penalty imposed under Section 271(1)(c) was deemed unsustainable and canceled. The Tribunal stressed the significance of meeting jurisdictional conditions before reopening assessments, particularly after the lapse of four years from the relevant assessment year. en-us Fri, 02 Nov 2018 00:00:00 +0530 Fri, 21 Dec 2018 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370136 The Tribunal allowed the assessee's appeals, ruling the reopening of the assessment under Section 147 as legally untenable. Consequently, the penalty imposed under Section 271(1)(c) was deemed unsustainable and canceled. The Tribunal stressed the significance of meeting jurisdictional conditions before reopening assessments, particularly after the lapse of four years from the relevant assessment year. Case-Laws Income Tax Fri, 02 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370136