Reassessment Quashed: ITAT Invalidates Reopening Beyond 4 Years Without Material Non-Disclosure

DCIT Vs Murlidhar Ratanlal Exports Limited (ITAT Kolkata) ITAT Kolkata Quashes Reopening & Upholds CIT(A)’s Deletions The Kolkata ITAT “C” Bench delivered a consolidated order on 28.10.2025 in the case of Murlidhar Ratanlal Exports Ltd. for A.Ys. 2013-14 to 2016-17 & 2018-19, dismissing all Revenue appeals & partly allowing the Assessee’s cross-objections. Reopening beyond 4 years held invalid AO reopened A.Y. 2013-14 on 01.04.2021, despite the original assessment u/s 143(3) being completed in 2016. The Tribunal found no allegation of failure to disclose material facts, as ...