https://www.taxtmi.com/caselaws?id=417584 The Tribunal quashed the reassessment proceedings for the assessment years 1990-91 and 1991-92, ruling that the reopening of assessment under Section 147 of the Income Tax Act was invalid. The Tribunal held that there was no failure on the part of the assessee to disclose all material facts necessary for assessment, and the reopening beyond four years was not justified. As a result, the appeals of the assessee were allowed. en-us Mon, 24 Jan 2022 00:00:00 +0530 Thu, 27 Jan 2022 08:42:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417584 The Tribunal quashed the reassessment proceedings for the assessment years 1990-91 and 1991-92, ruling that the reopening of assessment under Section 147 of the Income Tax Act was invalid. The Tribunal held that there was no failure on the part of the assessee to disclose all material facts necessary for assessment, and the reopening beyond four years was not justified. As a result, the appeals of the assessee were allowed. Case-Laws Income Tax Mon, 24 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417584