https://www.taxtmi.com/caselaws?id=391117 The appeal challenging the Income Tax Appellate Tribunal's order on re-assessment proceedings for Assessment Year 2006-07 was allowed. The Tribunal found that the assessee had disclosed all material facts during the original assessment, leading to the reassessment proceedings being deemed bad in law. As there was no failure to disclose material facts, the appeal was dismissed, affirming the Tribunal's decision. The judgment highlights the importance of full disclosure of material facts and the requirement of tangible material for reassessment under the Income Tax Act. en-us Mon, 06 Jan 2020 00:00:00 +0530 Mon, 20 Jan 2020 09:28:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391117 The appeal challenging the Income Tax Appellate Tribunal's order on re-assessment proceedings for Assessment Year 2006-07 was allowed. The Tribunal found that the assessee had disclosed all material facts during the original assessment, leading to the reassessment proceedings being deemed bad in law. As there was no failure to disclose material facts, the appeal was dismissed, affirming the Tribunal's decision. The judgment highlights the importance of full disclosure of material facts and the requirement of tangible material for reassessment under the Income Tax Act. Case-Laws Income Tax Mon, 06 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391117