https://www.taxtmi.com/caselaws?id=203003 The court quashed the notice issued under section 148 of the Income-tax Act, 1961 for reopening the assessment for the year 2003-04. The court found that there was no failure on the part of the assessee to disclose all material facts necessary for assessment, as the reasons for reopening were based on material already on record during the original assessment. Therefore, the court concluded that the notice could not be sustained, and ruled in favor of the petitioner, making the rule absolute and not awarding any costs. en-us Mon, 31 Jan 2011 00:00:00 +0530 Wed, 21 Mar 2012 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203003 The court quashed the notice issued under section 148 of the Income-tax Act, 1961 for reopening the assessment for the year 2003-04. The court found that there was no failure on the part of the assessee to disclose all material facts necessary for assessment, as the reasons for reopening were based on material already on record during the original assessment. Therefore, the court concluded that the notice could not be sustained, and ruled in favor of the petitioner, making the rule absolute and not awarding any costs. Case-Laws Income Tax Mon, 31 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203003