https://www.taxtmi.com/caselaws?id=220113 The court quashed the notice dated 03.02.2006 and all related proceedings. It held that the notice was time-barred, there was no failure to disclose material facts by NTPC, and the assessment reopening was merely a change of opinion. The court also found that no income had escaped assessment and the sanction for the notice lacked proper application of mind. Each party was directed to bear their own costs. en-us Thu, 10 Jan 2013 00:00:00 +0530 Fri, 28 Jun 2013 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220113 The court quashed the notice dated 03.02.2006 and all related proceedings. It held that the notice was time-barred, there was no failure to disclose material facts by NTPC, and the assessment reopening was merely a change of opinion. The court also found that no income had escaped assessment and the sanction for the notice lacked proper application of mind. Each party was directed to bear their own costs. Case-Laws Income Tax Thu, 10 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220113