https://www.taxtmi.com/caselaws?id=375451 The court set aside the notice for reopening the assessment, ruling in favor of the petitioner. It held that the petitioner had fully disclosed all primary facts required for assessment, negating any failure to disclose material facts. The court found the reasons for reopening to be unsustainable as the facts were already on record and no new material was discovered post the original assessment. Therefore, the reopening beyond the four-year period was deemed invalid. en-us Thu, 14 Feb 2019 00:00:00 +0530 Tue, 19 Feb 2019 07:37:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375451 The court set aside the notice for reopening the assessment, ruling in favor of the petitioner. It held that the petitioner had fully disclosed all primary facts required for assessment, negating any failure to disclose material facts. The court found the reasons for reopening to be unsustainable as the facts were already on record and no new material was discovered post the original assessment. Therefore, the reopening beyond the four-year period was deemed invalid. Case-Laws Income Tax Thu, 14 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375451