https://www.taxtmi.com/caselaws?id=305455 The Tribunal allowed the appeal against the Commissioner of Income-tax (Appeals)-I, Trivandrum for the assessment year 2002-03. The reassessment proceedings were deemed invalid as the assessing officer reopened the assessment after four years without proving negligence on the part of the assessee in disclosing material facts. The Tribunal emphasized that mere production of books of account may not suffice as full disclosure. Consequently, the orders of the lower authorities were set aside, and the reassessment was held to be not valid. en-us Fri, 02 Mar 2012 00:00:00 +0530 Mon, 05 Dec 2022 15:55:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305455 The Tribunal allowed the appeal against the Commissioner of Income-tax (Appeals)-I, Trivandrum for the assessment year 2002-03. The reassessment proceedings were deemed invalid as the assessing officer reopened the assessment after four years without proving negligence on the part of the assessee in disclosing material facts. The Tribunal emphasized that mere production of books of account may not suffice as full disclosure. Consequently, the orders of the lower authorities were set aside, and the reassessment was held to be not valid. Case-Laws Income Tax Fri, 02 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305455