https://www.taxtmi.com/caselaws?id=219680 The High Court ruled in favor of the petitioner, quashing the notice for reopening the assessment due to the absence of a failure to disclose material facts within the prescribed period. The court emphasized the importance of full disclosure by the assessee and the necessity for Assessing Officers to establish such failures before reopening assessments beyond the statutory timeframe. en-us Mon, 26 Nov 2012 00:00:00 +0530 Sat, 22 Dec 2012 10:02:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219680 The High Court ruled in favor of the petitioner, quashing the notice for reopening the assessment due to the absence of a failure to disclose material facts within the prescribed period. The court emphasized the importance of full disclosure by the assessee and the necessity for Assessing Officers to establish such failures before reopening assessments beyond the statutory timeframe. Case-Laws Income Tax Mon, 26 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219680