https://www.taxtmi.com/caselaws?id=431287 The Court upheld the ITAT's decision, emphasizing the importance of reasons recorded by the AO and the requirement for failure to disclose material facts for reopening assessments after the prescribed period. The judgment highlighted the need for strict adherence to legal procedures and established principles in tax assessments to ensure fairness and compliance with the law. en-us Mon, 14 Nov 2022 00:00:00 +0530 Wed, 16 Aug 2023 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431287 The Court upheld the ITAT's decision, emphasizing the importance of reasons recorded by the AO and the requirement for failure to disclose material facts for reopening assessments after the prescribed period. The judgment highlighted the need for strict adherence to legal procedures and established principles in tax assessments to ensure fairness and compliance with the law. Case-Laws Income Tax Mon, 14 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431287