https://www.taxtmi.com/caselaws?id=406425 The Tribunal quashed the reassessment proceedings under Section 147 due to the absence of any failure by the assessee to disclose material facts fully and truly. Consequently, the issues regarding the disallowance of free airtime to distributors and roaming charges, as well as the set off of brought forward losses and unabsorbed depreciation, became academic and did not require adjudication. The appeal of the assessee was allowed. en-us Mon, 12 Apr 2021 00:00:00 +0530 Wed, 14 Apr 2021 08:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406425 The Tribunal quashed the reassessment proceedings under Section 147 due to the absence of any failure by the assessee to disclose material facts fully and truly. Consequently, the issues regarding the disallowance of free airtime to distributors and roaming charges, as well as the set off of brought forward losses and unabsorbed depreciation, became academic and did not require adjudication. The appeal of the assessee was allowed. Case-Laws Income Tax Mon, 12 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406425