https://www.taxtmi.com/caselaws?id=763840 ITAT Chennai held that reopening of assessment beyond four years was invalid. The Revenue failed to establish that the assessee had not disclosed all material facts fully and truly during the original assessment under section 143(3). Since the reassessment was completed under section 143(3) read with section 147, and no failure to disclose material facts was proven, the reopening was quashed as bad in law. The jurisdictional issue was decided in favor of the assessee. en-us Wed, 06 Nov 2024 00:00:00 +0530 Mon, 30 Dec 2024 08:39:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763840 ITAT Chennai held that reopening of assessment beyond four years was invalid. The Revenue failed to establish that the assessee had not disclosed all material facts fully and truly during the original assessment under section 143(3). Since the reassessment was completed under section 143(3) read with section 147, and no failure to disclose material facts was proven, the reopening was quashed as bad in law. The jurisdictional issue was decided in favor of the assessee. Case-Laws Income Tax Wed, 06 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763840