https://www.taxtmi.com/caselaws?id=374251 The High Court of Bombay upheld the decision of the Tribunal to set aside the reopening of assessment for Assessment Year 2004-05 under Section 147 of the Income Tax Act, 1961. The Court found that the reopening notice was issued beyond the permissible period and lacked fresh tangible material, deeming it without jurisdiction. The Tribunal's ruling was based on the failure to disclose all material facts during the original assessment, not a change of opinion. The Court dismissed the appeal, emphasizing adherence to established law and no substantial legal issues, with no costs awarded. en-us Tue, 22 Jan 2019 00:00:00 +0530 Tue, 29 Jan 2019 07:31:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374251 The High Court of Bombay upheld the decision of the Tribunal to set aside the reopening of assessment for Assessment Year 2004-05 under Section 147 of the Income Tax Act, 1961. The Court found that the reopening notice was issued beyond the permissible period and lacked fresh tangible material, deeming it without jurisdiction. The Tribunal's ruling was based on the failure to disclose all material facts during the original assessment, not a change of opinion. The Court dismissed the appeal, emphasizing adherence to established law and no substantial legal issues, with no costs awarded. Case-Laws Income Tax Tue, 22 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374251