https://www.taxtmi.com/caselaws?id=401766 The court invalidated the reassessment proceedings for Indian Syntans due to lack of new material and full disclosure, citing precedents ACIT v. Rajesh Jhaveri Stock Brokers and Deputy Commissioner of Income Tax v. Zuari Estates Development. Conversely, the reassessment for the co-operative society was upheld within the four-year limit based on discrepancies in figures. The court directed completion of reassessment within eight weeks, with no costs awarded, and closed related petitions. en-us Mon, 07 Sep 2020 00:00:00 +0530 Wed, 16 Dec 2020 11:38:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401766 The court invalidated the reassessment proceedings for Indian Syntans due to lack of new material and full disclosure, citing precedents ACIT v. Rajesh Jhaveri Stock Brokers and Deputy Commissioner of Income Tax v. Zuari Estates Development. Conversely, the reassessment for the co-operative society was upheld within the four-year limit based on discrepancies in figures. The court directed completion of reassessment within eight weeks, with no costs awarded, and closed related petitions. Case-Laws Income Tax Mon, 07 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401766