https://www.taxtmi.com/caselaws?id=207989 The Bombay High Court ruled in favor of the Petitioner in a case challenging the reopening of an assessment for Assessment Year 2004-05. The Court held that as all primary facts necessary for the assessment were disclosed during the original assessment proceedings, the jurisdictional requirement for reopening the assessment beyond four years was not met. The Court emphasized that the reasons for reopening were not based on newly discovered information but on facts already known to the Assessing Officer, leading to the notice to reopen the assessment being set aside. en-us Tue, 22 Nov 2011 00:00:00 +0530 Mon, 26 Mar 2012 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207989 The Bombay High Court ruled in favor of the Petitioner in a case challenging the reopening of an assessment for Assessment Year 2004-05. The Court held that as all primary facts necessary for the assessment were disclosed during the original assessment proceedings, the jurisdictional requirement for reopening the assessment beyond four years was not met. The Court emphasized that the reasons for reopening were not based on newly discovered information but on facts already known to the Assessing Officer, leading to the notice to reopen the assessment being set aside. Case-Laws Income Tax Tue, 22 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207989