https://www.taxtmi.com/caselaws?id=414091 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) and dismissed the Revenue's appeal. It found the reassessment proceedings invalid as they were initiated beyond the permissible period and concluded that there was no failure on the part of the assessee to disclose material facts during the original assessment. The reassessment under section 147 was quashed, emphasizing that the assessee had fully and truly disclosed all relevant details. en-us Wed, 20 Oct 2021 00:00:00 +0530 Thu, 28 Oct 2021 21:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414091 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) and dismissed the Revenue's appeal. It found the reassessment proceedings invalid as they were initiated beyond the permissible period and concluded that there was no failure on the part of the assessee to disclose material facts during the original assessment. The reassessment under section 147 was quashed, emphasizing that the assessee had fully and truly disclosed all relevant details. Case-Laws Income Tax Wed, 20 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414091