https://www.taxtmi.com/caselaws?id=287805 The appeal was successful as the tribunal found that the assessing officer did not provide evidence of non-disclosure of material facts leading to income escaping assessment. Consequently, the reassessment order was quashed, and the addition of ? 159,46,05,271/- to the assessee's income was deemed unwarranted. The tribunal ruled in favor of the assessee on both issues of reopening of assessment and the disputed addition, leading to the judgment in favor of the assessee on 4th June 2019. en-us Tue, 04 Jun 2019 00:00:00 +0530 Mon, 04 May 2020 12:41:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287805 The appeal was successful as the tribunal found that the assessing officer did not provide evidence of non-disclosure of material facts leading to income escaping assessment. Consequently, the reassessment order was quashed, and the addition of ? 159,46,05,271/- to the assessee's income was deemed unwarranted. The tribunal ruled in favor of the assessee on both issues of reopening of assessment and the disputed addition, leading to the judgment in favor of the assessee on 4th June 2019. Case-Laws Income Tax Tue, 04 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287805