https://www.taxtmi.com/caselaws?id=391251 The Tribunal allowed the Assessee's appeal, holding the reopening of the assessment under section 147 of the I.T. Act, 1961 for A.Y. 2005-2006 as invalid and bad in law. The Tribunal found no new factual material discovered during reassessment, concluding that the assessee had disclosed all primary facts during the original assessment. As such, the proviso to Section 147 was deemed applicable in favor of the Assessee, leading to the quashing of the reopening of the assessment. en-us Tue, 21 Jan 2020 00:00:00 +0530 Mon, 17 Feb 2020 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391251 The Tribunal allowed the Assessee's appeal, holding the reopening of the assessment under section 147 of the I.T. Act, 1961 for A.Y. 2005-2006 as invalid and bad in law. The Tribunal found no new factual material discovered during reassessment, concluding that the assessee had disclosed all primary facts during the original assessment. As such, the proviso to Section 147 was deemed applicable in favor of the Assessee, leading to the quashing of the reopening of the assessment. Case-Laws Income Tax Tue, 21 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391251