https://www.taxtmi.com/caselaws?id=408834 The Tribunal upheld the CIT(A)'s decision to quash the reopening of the assessment under Section 147/148 and the addition of Rs. 95,49,67,088/-. Emphasizing the necessity of recording specific reasons for the failure to disclose material facts and requiring tangible evidence to justify such actions, the Tribunal dismissed the revenue's appeal. en-us Fri, 11 Jun 2021 00:00:00 +0530 Sat, 20 Aug 2022 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408834 The Tribunal upheld the CIT(A)'s decision to quash the reopening of the assessment under Section 147/148 and the addition of Rs. 95,49,67,088/-. Emphasizing the necessity of recording specific reasons for the failure to disclose material facts and requiring tangible evidence to justify such actions, the Tribunal dismissed the revenue's appeal. Case-Laws Income Tax Fri, 11 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408834