https://www.taxtmi.com/caselaws?id=406329 The Tribunal quashed the reassessment proceedings initiated under Section 147/148 due to the AO's failure to record specific reasons regarding the assessee's failure to disclose all material facts fully and truly. The appeal of the assessee was allowed, and the reassessment proceedings were deemed invalid. The Tribunal did not adjudicate on the merits of the additions under Section 68 or other grounds, as the primary issue of invalid reopening was decisive. en-us Fri, 26 Mar 2021 00:00:00 +0530 Mon, 12 Apr 2021 08:15:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406329 The Tribunal quashed the reassessment proceedings initiated under Section 147/148 due to the AO's failure to record specific reasons regarding the assessee's failure to disclose all material facts fully and truly. The appeal of the assessee was allowed, and the reassessment proceedings were deemed invalid. The Tribunal did not adjudicate on the merits of the additions under Section 68 or other grounds, as the primary issue of invalid reopening was decisive. Case-Laws Income Tax Fri, 26 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406329