https://www.taxtmi.com/caselaws?id=278242 The appeal was filed against the order of the Income Tax Appellate Tribunal regarding the assessment year 1998-99. The Tribunal found that the reassessment proceedings initiated beyond the period of limitation under Section 147 were not valid as there was no failure to disclose material facts by the assessee. The Court held that the reassessment based on a change of opinion was unwarranted, as there was no concealment or suppression of facts. The appeal was dismissed, as no substantive question of law arose for determination. en-us Wed, 17 Mar 2010 00:00:00 +0530 Sat, 19 Jan 2019 14:37:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278242 The appeal was filed against the order of the Income Tax Appellate Tribunal regarding the assessment year 1998-99. The Tribunal found that the reassessment proceedings initiated beyond the period of limitation under Section 147 were not valid as there was no failure to disclose material facts by the assessee. The Court held that the reassessment based on a change of opinion was unwarranted, as there was no concealment or suppression of facts. The appeal was dismissed, as no substantive question of law arose for determination. Case-Laws Income Tax Wed, 17 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278242