https://www.taxtmi.com/caselaws?id=433794 The Tribunal dismissed the Revenue's appeals challenging the Commissioner's order for assessment years 2009-10 and 2010-11. The delay in filing appeals was condoned, but the Tribunal found the reopening of assessment invalid under section 147 of the Income Tax Act. The Tribunal emphasized the necessity of disclosing all material facts during assessments and the requirement for valid grounds to reopen assessments. Consequently, the reassessment proceedings were quashed, and the Revenue's appeals were dismissed for both years, with no further adjudication on merits deemed necessary. en-us Tue, 31 Jan 2023 00:00:00 +0530 Thu, 09 Feb 2023 10:00:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433794 The Tribunal dismissed the Revenue's appeals challenging the Commissioner's order for assessment years 2009-10 and 2010-11. The delay in filing appeals was condoned, but the Tribunal found the reopening of assessment invalid under section 147 of the Income Tax Act. The Tribunal emphasized the necessity of disclosing all material facts during assessments and the requirement for valid grounds to reopen assessments. Consequently, the reassessment proceedings were quashed, and the Revenue's appeals were dismissed for both years, with no further adjudication on merits deemed necessary. Case-Laws Income Tax Tue, 31 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433794