https://www.taxtmi.com/caselaws?id=211141 The court held that the reopening of the assessment under Section 148 of the Income Tax Act, 1961 was invalid as there was no failure on the part of the assessee to disclose material facts. The reasons for reopening the assessment were deemed impermissible, as they involved issues already addressed in prior proceedings and lacked a definite belief of income escaping assessment. The Assessing Officer's rejection of the petitioner's objections without proper consideration was also criticized. Consequently, the court quashed the notice, objections rejection order, and subsequent notice, ruling in favor of the petitioner with no costs. en-us Thu, 05 May 2011 00:00:00 +0530 Mon, 05 Mar 2012 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211141 The court held that the reopening of the assessment under Section 148 of the Income Tax Act, 1961 was invalid as there was no failure on the part of the assessee to disclose material facts. The reasons for reopening the assessment were deemed impermissible, as they involved issues already addressed in prior proceedings and lacked a definite belief of income escaping assessment. The Assessing Officer's rejection of the petitioner's objections without proper consideration was also criticized. Consequently, the court quashed the notice, objections rejection order, and subsequent notice, ruling in favor of the petitioner with no costs. Case-Laws Income Tax Thu, 05 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211141