https://www.taxtmi.com/caselaws?id=218834 The High Court held that the notice issued by the respondent to reopen the assessment of a partnership firm for the assessment year 1996-97 was without jurisdiction. The court emphasized the necessity of recording reasons before reopening an assessment and found that the reasons provided did not establish any failure on the part of the petitioner to disclose material facts. As the conditions for exercising powers under section 147 of the Income-tax Act were not met, the court allowed the petition, quashed the notice to reopen the assessment, and awarded no costs. en-us Tue, 12 Jun 2012 00:00:00 +0530 Tue, 06 Nov 2012 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218834 The High Court held that the notice issued by the respondent to reopen the assessment of a partnership firm for the assessment year 1996-97 was without jurisdiction. The court emphasized the necessity of recording reasons before reopening an assessment and found that the reasons provided did not establish any failure on the part of the petitioner to disclose material facts. As the conditions for exercising powers under section 147 of the Income-tax Act were not met, the court allowed the petition, quashed the notice to reopen the assessment, and awarded no costs. Case-Laws Income Tax Tue, 12 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218834