https://www.taxtmi.com/caselaws?id=429640 The Tribunal held that the reopening of the assessment under Section 147 of the Income Tax Act after four years was invalid as there was no failure on the part of the assessee to disclose all material facts. The Tribunal emphasized that the duty of the assessee is to disclose fully and truly all primary relevant facts, and the mere verification of records does not warrant reopening. Citing precedents, the Tribunal quashed the AO's order and allowed the assessee's appeal. en-us Tue, 20 Sep 2022 00:00:00 +0530 Wed, 10 May 2023 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429640 The Tribunal held that the reopening of the assessment under Section 147 of the Income Tax Act after four years was invalid as there was no failure on the part of the assessee to disclose all material facts. The Tribunal emphasized that the duty of the assessee is to disclose fully and truly all primary relevant facts, and the mere verification of records does not warrant reopening. Citing precedents, the Tribunal quashed the AO's order and allowed the assessee's appeal. Case-Laws Income Tax Tue, 20 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429640