https://www.taxtmi.com/caselaws?id=469101 Reassessment issued after four years from the end of the relevant assessment year was held barred by the first proviso to section 147 because the original assessment was completed under section 143(3), the return was filed under section 139(1), and the assessee had disclosed the share capital details during the original proceedings. The reopening material concerned one investor whose assessments under sections 153A and 153C had already been completed without addition, which supported the view that the statutory condition for reopening was not satisfied. The reassessment was quashed as time-barred, and the merits of the additions were left unexamined as academic. en-us Tue, 20 Nov 2018 00:00:00 +0530 Tue, 02 Jun 2026 17:11:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469101 Reassessment issued after four years from the end of the relevant assessment year was held barred by the first proviso to section 147 because the original assessment was completed under section 143(3), the return was filed under section 139(1), and the assessee had disclosed the share capital details during the original proceedings. The reopening material concerned one investor whose assessments under sections 153A and 153C had already been completed without addition, which supported the view that the statutory condition for reopening was not satisfied. The reassessment was quashed as time-barred, and the merits of the additions were left unexamined as academic. Case-Laws Income Tax Tue, 20 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469101