https://www.taxtmi.com/caselaws?id=211268 The court ruled in favor of the petitioner, quashing the notice issued under Section 148 of the Income Tax Act for reopening the assessment. The court found the reopening of assessment beyond the prescribed period of four years was invalid. It concluded that there was no failure on the petitioner's part to disclose all material facts necessary for assessment. The court held that the Assessing Officer lacked jurisdiction to reopen the assessment, and the petition was allowed with no costs imposed. en-us Fri, 18 Mar 2011 00:00:00 +0530 Mon, 12 Mar 2012 13:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211268 The court ruled in favor of the petitioner, quashing the notice issued under Section 148 of the Income Tax Act for reopening the assessment. The court found the reopening of assessment beyond the prescribed period of four years was invalid. It concluded that there was no failure on the petitioner's part to disclose all material facts necessary for assessment. The court held that the Assessing Officer lacked jurisdiction to reopen the assessment, and the petition was allowed with no costs imposed. Case-Laws Income Tax Fri, 18 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211268