https://www.taxtmi.com/caselaws?id=207819 The High Court quashed the notice for reopening the assessment as it was found to be invalid. The Court held that the jurisdiction under section 147 of the Income Tax Act after the expiry of four years was illegal and invalid since there was no failure on the part of the petitioner to disclose material facts. The decision was based on established legal principles and previous court rulings, ultimately ruling in favor of the petitioner-assessee and against the reopening of the assessment. en-us Tue, 29 Nov 2011 00:00:00 +0530 Thu, 03 Dec 2015 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207819 The High Court quashed the notice for reopening the assessment as it was found to be invalid. The Court held that the jurisdiction under section 147 of the Income Tax Act after the expiry of four years was illegal and invalid since there was no failure on the part of the petitioner to disclose material facts. The decision was based on established legal principles and previous court rulings, ultimately ruling in favor of the petitioner-assessee and against the reopening of the assessment. Case-Laws Income Tax Tue, 29 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207819