https://www.taxtmi.com/caselaws?id=422964 The Tribunal allowed the appeal, quashing the reopening of assessment in favor of the assessee. The Tribunal held that there was no failure to disclose material facts, the reopening violated the first proviso to section 147, and there was no new tangible material for a valid reopening, in line with the Supreme Court's ruling in the Kelvinator of India Ltd. case. en-us Fri, 20 May 2022 00:00:00 +0530 Wed, 25 May 2022 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422964 The Tribunal allowed the appeal, quashing the reopening of assessment in favor of the assessee. The Tribunal held that there was no failure to disclose material facts, the reopening violated the first proviso to section 147, and there was no new tangible material for a valid reopening, in line with the Supreme Court's ruling in the Kelvinator of India Ltd. case. Case-Laws Income Tax Fri, 20 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422964