https://www.taxtmi.com/caselaws?id=433984 The appeal was admitted for hearing after the delay of 26 days was condoned due to a reasonable cause. The Tribunal found the reopening of the assessment under Section 147 of the Income Tax Act invalid as the reasons recorded did not establish a failure to disclose material facts by the assessee. The assessment order was quashed as objections were not disposed of before its passing, and no notice under Section 143(2) was issued, rendering the order invalid. The Tribunal allowed the appeal, quashing the assessment order and leaving other pleas on quantum open for future adjudication if necessary. en-us Mon, 28 Nov 2022 00:00:00 +0530 Wed, 15 Feb 2023 08:52:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433984 The appeal was admitted for hearing after the delay of 26 days was condoned due to a reasonable cause. The Tribunal found the reopening of the assessment under Section 147 of the Income Tax Act invalid as the reasons recorded did not establish a failure to disclose material facts by the assessee. The assessment order was quashed as objections were not disposed of before its passing, and no notice under Section 143(2) was issued, rendering the order invalid. The Tribunal allowed the appeal, quashing the assessment order and leaving other pleas on quantum open for future adjudication if necessary. Case-Laws Income Tax Mon, 28 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433984