Reassessment Proceedings Invalidated Due to Vague Reasons; No Failure in Disclosure Found by Assessee.

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....Reopening of assessment u/s 147 - reasons to believe - The Tribunal held that the reasons for reopening the assessment were vague and non-specific, and there was no failure on the part of the Assessee to fully disclose all material facts during the original assessment proceedings. Therefore, the initiation of reassessment proceedings was struck down.....