https://www.taxtmi.com/caselaws?id=415766 The Tribunal held that the reassessment proceedings initiated by the Assessing Officer were invalid as there was no failure on the part of the assessee to disclose all material facts. Consequently, the reassessment proceedings were quashed, and the appeal of the assessee was allowed. The issues regarding the taxability of subsidy amount, allowance of expenditure, and exclusion of excess provision for doubtful debts from total income were not adjudicated due to the invalidation of the reassessment proceedings. en-us Fri, 10 Sep 2021 00:00:00 +0530 Tue, 14 Dec 2021 08:39:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415766 The Tribunal held that the reassessment proceedings initiated by the Assessing Officer were invalid as there was no failure on the part of the assessee to disclose all material facts. Consequently, the reassessment proceedings were quashed, and the appeal of the assessee was allowed. The issues regarding the taxability of subsidy amount, allowance of expenditure, and exclusion of excess provision for doubtful debts from total income were not adjudicated due to the invalidation of the reassessment proceedings. Case-Laws Income Tax Fri, 10 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415766