https://www.taxtmi.com/caselaws?id=401422 The Tribunal upheld the decision of the Ld. CIT(A) to delete the reopening assessment under Section 147 of the Income Tax Act. It was found that the AO did not establish any failure by the assessee to disclose material facts, as required for reopening assessments after four years. Additionally, the Tribunal emphasized the mandatory nature of issuing a notice under Section 143(2) for scrutiny assessments. As a result, the Tribunal dismissed the revenue's appeal, confirming the deletion of the reopening assessment and the non-issuance of the notice, rendering the additional claim of excess expenditure as academic. en-us Thu, 03 Dec 2020 00:00:00 +0530 Sat, 30 Jan 2021 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401422 The Tribunal upheld the decision of the Ld. CIT(A) to delete the reopening assessment under Section 147 of the Income Tax Act. It was found that the AO did not establish any failure by the assessee to disclose material facts, as required for reopening assessments after four years. Additionally, the Tribunal emphasized the mandatory nature of issuing a notice under Section 143(2) for scrutiny assessments. As a result, the Tribunal dismissed the revenue's appeal, confirming the deletion of the reopening assessment and the non-issuance of the notice, rendering the additional claim of excess expenditure as academic. Case-Laws Income Tax Thu, 03 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401422