https://www.taxtmi.com/caselaws?id=767630 The Bombay HC ruled in favor of the assessee regarding reopening of assessment under section 147 after four years. The court held that jurisdictional conditions for reopening were not satisfied. The revenue failed to establish that the assessee had an obligation to disclose sales promotion expenses incurred on doctors during assessment proceedings. Without such obligation, there could be no failure to disclose material facts necessary for assessment. The court distinguished the cited precedent as inapplicable to the present facts. en-us Thu, 20 Mar 2025 00:00:00 +0530 Fri, 21 Mar 2025 08:25:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767630 The Bombay HC ruled in favor of the assessee regarding reopening of assessment under section 147 after four years. The court held that jurisdictional conditions for reopening were not satisfied. The revenue failed to establish that the assessee had an obligation to disclose sales promotion expenses incurred on doctors during assessment proceedings. Without such obligation, there could be no failure to disclose material facts necessary for assessment. The court distinguished the cited precedent as inapplicable to the present facts. Case-Laws Income Tax Thu, 20 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767630