https://www.taxtmi.com/caselaws?id=450692 The ITAT Ahmedabad allowed the assessee's appeal against reassessment proceedings under Section 147. The tribunal held that the reasons for reopening lacked specific allegations of non-disclosure by the assessee and failed to specify the amount of escaped income. Citing PCIT v. DSC Ltd. and Dhirendra Hansraj Singh, the tribunal ruled that without evidence of the assessee's failure to fully disclose material facts during original assessment proceedings, the jurisdictional requirements for reopening assessment beyond four years were absent. The reassessment proceedings were consequently struck down as bad in law. en-us Fri, 08 Mar 2024 00:00:00 +0530 Mon, 11 Mar 2024 06:25:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450692 The ITAT Ahmedabad allowed the assessee's appeal against reassessment proceedings under Section 147. The tribunal held that the reasons for reopening lacked specific allegations of non-disclosure by the assessee and failed to specify the amount of escaped income. Citing PCIT v. DSC Ltd. and Dhirendra Hansraj Singh, the tribunal ruled that without evidence of the assessee's failure to fully disclose material facts during original assessment proceedings, the jurisdictional requirements for reopening assessment beyond four years were absent. The reassessment proceedings were consequently struck down as bad in law. Case-Laws Income Tax Fri, 08 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450692