https://www.taxtmi.com/caselaws?id=305464 The Tribunal allowed the appeals of the assessees, ruling that the reopening of assessments under Section 147 after four years was invalid. It held that there was no failure on the part of the assessees to disclose all material facts necessary for assessment. The Tribunal found the precedents cited by the assessees applicable and vacated the CIT(A)'s findings, ultimately ruling in favor of the assessees. en-us Wed, 06 Mar 2019 00:00:00 +0530 Tue, 06 Dec 2022 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305464 The Tribunal allowed the appeals of the assessees, ruling that the reopening of assessments under Section 147 after four years was invalid. It held that there was no failure on the part of the assessees to disclose all material facts necessary for assessment. The Tribunal found the precedents cited by the assessees applicable and vacated the CIT(A)'s findings, ultimately ruling in favor of the assessees. Case-Laws Income Tax Wed, 06 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305464