https://www.taxtmi.com/caselaws?id=209289 The High Court ruled in favor of the petitioner, a cooperative bank, in a challenge against a notice issued under section 148 of the Income-tax Act for reopening assessment for the year 1991-92. The court found the notice was issued beyond the four-year limit without any failure to disclose material facts by the petitioner. Additionally, the court noted that the only ground for reopening was based on an overruled decision, rendering the reopening unsustainable. Consequently, the court quashed the notice, affirming in favor of the petitioner. en-us Tue, 11 Jan 2011 00:00:00 +0530 Wed, 24 Jul 2013 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209289 The High Court ruled in favor of the petitioner, a cooperative bank, in a challenge against a notice issued under section 148 of the Income-tax Act for reopening assessment for the year 1991-92. The court found the notice was issued beyond the four-year limit without any failure to disclose material facts by the petitioner. Additionally, the court noted that the only ground for reopening was based on an overruled decision, rendering the reopening unsustainable. Consequently, the court quashed the notice, affirming in favor of the petitioner. Case-Laws Income Tax Tue, 11 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209289