https://www.taxtmi.com/caselaws?id=434230 The Tribunal held that the reassessment of the appellant bank for the assessment years 2007-08 and 2008-09 was invalid as it was initiated beyond the prescribed period, and there was no failure to disclose material facts. The Tribunal emphasized the importance of the assessee's duty to disclose all necessary facts and overturned the orders passed by the lower authorities, allowing the appeals filed by the assessee for the respective assessment years. en-us Fri, 13 Jan 2023 00:00:00 +0530 Mon, 20 Feb 2023 08:25:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434230 The Tribunal held that the reassessment of the appellant bank for the assessment years 2007-08 and 2008-09 was invalid as it was initiated beyond the prescribed period, and there was no failure to disclose material facts. The Tribunal emphasized the importance of the assessee's duty to disclose all necessary facts and overturned the orders passed by the lower authorities, allowing the appeals filed by the assessee for the respective assessment years. Case-Laws Income Tax Fri, 13 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434230