https://www.taxtmi.com/caselaws?id=440592 The HC upheld the Tribunal's decision, determining that the reopening of the assessment under Section 147 of the Income Tax Act, 1961, was unjustified due to the lack of an allegation that the assessee failed to disclose all material facts. Consequently, the additions made by the AO to the taxable income were also invalidated. en-us Tue, 18 Jul 2023 00:00:00 +0530 Fri, 25 Oct 2024 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440592 The HC upheld the Tribunal's decision, determining that the reopening of the assessment under Section 147 of the Income Tax Act, 1961, was unjustified due to the lack of an allegation that the assessee failed to disclose all material facts. Consequently, the additions made by the AO to the taxable income were also invalidated. Case-Laws Income Tax Tue, 18 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440592