https://www.taxtmi.com/caselaws?id=15382 The court ruled that the initiation of proceedings in March 1993 to reopen the assessment for the assessment year 1982-83 was time-barred under the proviso to section 147 of the Income-tax Act, 1961. The Assessing Officer's reasons for initiating proceedings did not relate to a failure to disclose material facts during the original assessment but rather to an erroneous legal decision. Consequently, the notices issued under section 148 were quashed, and all petitions succeeded with no costs awarded. en-us Wed, 09 Dec 1998 00:00:00 +0530 Thu, 06 Aug 2009 11:53:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15382 The court ruled that the initiation of proceedings in March 1993 to reopen the assessment for the assessment year 1982-83 was time-barred under the proviso to section 147 of the Income-tax Act, 1961. The Assessing Officer's reasons for initiating proceedings did not relate to a failure to disclose material facts during the original assessment but rather to an erroneous legal decision. Consequently, the notices issued under section 148 were quashed, and all petitions succeeded with no costs awarded. Case-Laws Income Tax Wed, 09 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15382