https://www.taxtmi.com/caselaws?id=421130 The Tribunal ruled in favor of the appellant on both issues. The reopening of assessment under section 147 of the Income Tax Act was deemed invalid as there was no failure to disclose material facts. Additionally, the appellant's claim for exemption under section 54F was upheld as the reinvestment was made within the prescribed period and the investment in the wife's name was considered valid. en-us Tue, 22 Mar 2022 00:00:00 +0530 Mon, 18 Apr 2022 08:09:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421130 The Tribunal ruled in favor of the appellant on both issues. The reopening of assessment under section 147 of the Income Tax Act was deemed invalid as there was no failure to disclose material facts. Additionally, the appellant's claim for exemption under section 54F was upheld as the reinvestment was made within the prescribed period and the investment in the wife's name was considered valid. Case-Laws Income Tax Tue, 22 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421130