https://www.taxtmi.com/caselaws?id=395058 The appeal challenging the Tribunal's decision on the reopening of assessment under section 147 of the Income Tax Act was dismissed. The Tribunal upheld its decision to set aside the assessment order, citing the lack of new information for reopening and the failure to establish that the assessee did not disclose all material facts fully and truly. The Tribunal emphasized the necessity of meeting legal criteria for reopening assessments under section 147. en-us Tue, 10 Dec 2019 00:00:00 +0530 Mon, 04 May 2020 12:43:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395058 The appeal challenging the Tribunal's decision on the reopening of assessment under section 147 of the Income Tax Act was dismissed. The Tribunal upheld its decision to set aside the assessment order, citing the lack of new information for reopening and the failure to establish that the assessee did not disclose all material facts fully and truly. The Tribunal emphasized the necessity of meeting legal criteria for reopening assessments under section 147. Case-Laws Income Tax Tue, 10 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395058