https://www.taxtmi.com/caselaws?id=777813 HC held that reassessment u/s 147 for A.Y. 2013-14 was invalid because the reasons recorded did not allege that any income had escaped assessment due to the assessee's failure to disclose fully and truly material facts. The reasons were vague and lacked the necessary specific allegation of nondisclosure; such reasons cannot be later supplemented by orders, affidavits, or oral submissions. On this short ground the writ petition succeeded and the reassessment initiation was quashed. en-us Mon, 18 Aug 2025 00:00:00 +0530 Fri, 05 Sep 2025 08:10:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777813 HC held that reassessment u/s 147 for A.Y. 2013-14 was invalid because the reasons recorded did not allege that any income had escaped assessment due to the assessee's failure to disclose fully and truly material facts. The reasons were vague and lacked the necessary specific allegation of nondisclosure; such reasons cannot be later supplemented by orders, affidavits, or oral submissions. On this short ground the writ petition succeeded and the reassessment initiation was quashed. Case-Laws Income Tax Mon, 18 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777813