https://www.taxtmi.com/caselaws?id=767426 The HC quashed the reopening of assessment under s.147 as the Department failed to demonstrate any concealment or failure to disclose material facts by the assessee within the original assessment period. The notice issued beyond four years was held invalid. Regarding bad debts, the Court upheld the allowance of Rs. 4.07 crores written off by the assessee, applying the SC ruling in TRF Ltd. The HC declined to remit the matter for appeal, finding no justification to do so given the settled legal principles. en-us Mon, 27 Jan 2025 00:00:00 +0530 Mon, 04 Aug 2025 15:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767426 The HC quashed the reopening of assessment under s.147 as the Department failed to demonstrate any concealment or failure to disclose material facts by the assessee within the original assessment period. The notice issued beyond four years was held invalid. Regarding bad debts, the Court upheld the allowance of Rs. 4.07 crores written off by the assessee, applying the SC ruling in TRF Ltd. The HC declined to remit the matter for appeal, finding no justification to do so given the settled legal principles. Case-Laws Income Tax Mon, 27 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767426