https://www.taxtmi.com/caselaws?id=290437 The Tribunal ruled in favor of the appellant, an assessee, in a case challenging the validity of reopening the assessment under section 147. The Tribunal found that the reassessment by the Assessing Officer was not valid as there was no failure on the part of the assessee to disclose all material facts necessary for assessment. The Tribunal concluded that the notice issued under section 147 did not meet the legal conditions specified in the first proviso to section 147, leading to the allowance of the assessee's appeal against the order of the CIT(A). en-us Mon, 17 Feb 2020 00:00:00 +0530 Fri, 25 Sep 2020 20:40:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290437 The Tribunal ruled in favor of the appellant, an assessee, in a case challenging the validity of reopening the assessment under section 147. The Tribunal found that the reassessment by the Assessing Officer was not valid as there was no failure on the part of the assessee to disclose all material facts necessary for assessment. The Tribunal concluded that the notice issued under section 147 did not meet the legal conditions specified in the first proviso to section 147, leading to the allowance of the assessee's appeal against the order of the CIT(A). Case-Laws Income Tax Mon, 17 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290437