https://www.taxtmi.com/caselaws?id=31400 The Court upheld the decision of the Tribunal and Commissioner of Income-tax (Appeals) in a tax case involving the reopening of assessment under Section 147 read with Section 148 of the Income Tax Act. The Court found that the assessee had fully disclosed all material facts during the original assessment proceedings, including information on interest income. Additionally, the Court emphasized the importance of adhering to the time limit for initiating reassessment proceedings as per the proviso to Section 147. As there was no failure on the part of the assessee and no substantial question of law, the Court dismissed the tax case without costs. en-us Fri, 06 Jul 2007 00:00:00 +0530 Wed, 12 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31400 The Court upheld the decision of the Tribunal and Commissioner of Income-tax (Appeals) in a tax case involving the reopening of assessment under Section 147 read with Section 148 of the Income Tax Act. The Court found that the assessee had fully disclosed all material facts during the original assessment proceedings, including information on interest income. Additionally, the Court emphasized the importance of adhering to the time limit for initiating reassessment proceedings as per the proviso to Section 147. As there was no failure on the part of the assessee and no substantial question of law, the Court dismissed the tax case without costs. Case-Laws Income Tax Fri, 06 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31400