https://www.taxtmi.com/caselaws?id=405910 The Tax Case Appeal was dismissed as the Tribunal found the re-opening of the assessment for the year 2004-05 to be unjustified, beyond the permissible period, and a mere change of opinion by the Assessing Officer. The Court upheld the Tribunal's decision, emphasizing the necessity for a valid reason based on the assessee's failure to disclose material facts when re-opening assessments beyond the prescribed timeframe. The appeal was dismissed without costs, highlighting the importance of complying with legal requirements in assessment proceedings. en-us Fri, 19 Mar 2021 00:00:00 +0530 Thu, 01 Apr 2021 08:46:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405910 The Tax Case Appeal was dismissed as the Tribunal found the re-opening of the assessment for the year 2004-05 to be unjustified, beyond the permissible period, and a mere change of opinion by the Assessing Officer. The Court upheld the Tribunal's decision, emphasizing the necessity for a valid reason based on the assessee's failure to disclose material facts when re-opening assessments beyond the prescribed timeframe. The appeal was dismissed without costs, highlighting the importance of complying with legal requirements in assessment proceedings. Case-Laws Income Tax Fri, 19 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405910