https://www.taxtmi.com/caselaws?id=77681 The High Court dismissed the appeals against the reopening of assessments for the assessment years 1997-98 and 1998-99 under section 147/148 of the Income-tax Act. The court held that since the respondent had disclosed all material facts necessary for assessment in the revised returns submitted before the final assessment, the notices issued beyond four years were deemed beyond the Assessing Officer's jurisdiction. The court affirmed the Tribunal's decision, emphasizing that reopening assessments beyond the prescribed period is impermissible when all material facts have been disclosed by the assessee. en-us Mon, 11 Jan 2010 00:00:00 +0530 Mon, 04 Oct 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77681 The High Court dismissed the appeals against the reopening of assessments for the assessment years 1997-98 and 1998-99 under section 147/148 of the Income-tax Act. The court held that since the respondent had disclosed all material facts necessary for assessment in the revised returns submitted before the final assessment, the notices issued beyond four years were deemed beyond the Assessing Officer's jurisdiction. The court affirmed the Tribunal's decision, emphasizing that reopening assessments beyond the prescribed period is impermissible when all material facts have been disclosed by the assessee. Case-Laws Income Tax Mon, 11 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77681