https://www.taxtmi.com/caselaws?id=123024 The High Court of Bombay ruled in favor of the Petitioner, a public limited company, in a case concerning the reopening of assessment under section 147 of the Income Tax Act for the assessment year 1999-2000. The Court found that the officer's decision to reopen the assessment was not permissible as no new information had emerged, and the accounts had been duly furnished by the Petitioner. Consequently, the Court allowed the petition, quashing the notice directing the reopening of the assessment for that year, with no order as to costs. en-us Tue, 22 Aug 2006 00:00:00 +0530 Wed, 29 Aug 2012 14:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123024 The High Court of Bombay ruled in favor of the Petitioner, a public limited company, in a case concerning the reopening of assessment under section 147 of the Income Tax Act for the assessment year 1999-2000. The Court found that the officer's decision to reopen the assessment was not permissible as no new information had emerged, and the accounts had been duly furnished by the Petitioner. Consequently, the Court allowed the petition, quashing the notice directing the reopening of the assessment for that year, with no order as to costs. Case-Laws Income Tax Tue, 22 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123024