https://www.taxtmi.com/caselaws?id=425948 The appeal challenged the reopening of assessment beyond four years under Section 147 of the Income Tax Act for AY 2010-11. The court found the reopening to be time-barred as it did not meet the conditions of the 1st proviso, lacking allegations of failure to disclose material facts. Consequently, the reassessment proceedings, including additions made, were deemed invalid. The appeal was allowed, and the assessment order was quashed, emphasizing the necessity of meeting jurisdictional requirements for reopening assessments under Section 147. en-us Mon, 25 Jul 2022 00:00:00 +0530 Thu, 04 Aug 2022 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425948 The appeal challenged the reopening of assessment beyond four years under Section 147 of the Income Tax Act for AY 2010-11. The court found the reopening to be time-barred as it did not meet the conditions of the 1st proviso, lacking allegations of failure to disclose material facts. Consequently, the reassessment proceedings, including additions made, were deemed invalid. The appeal was allowed, and the assessment order was quashed, emphasizing the necessity of meeting jurisdictional requirements for reopening assessments under Section 147. Case-Laws Income Tax Mon, 25 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425948