https://www.taxtmi.com/caselaws?id=220210 The court upheld the validity of reassessment notices for the assessment years 2003-04 and 2005-06, dismissing the petitions challenging them. The court found the reassessment notice for the assessment year 2004-05 to be without jurisdiction due to the petitioner's full and true disclosure of material facts during the original assessment, thereby allowing the petition. The judgments underscored the requirement for assessing officers to have credible material and a genuine belief when reopening assessments under Section 148, as well as the significance of complete and accurate disclosure of facts by the taxpayer during the initial assessment. en-us Thu, 10 Jan 2013 00:00:00 +0530 Fri, 28 Jun 2013 14:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220210 The court upheld the validity of reassessment notices for the assessment years 2003-04 and 2005-06, dismissing the petitions challenging them. The court found the reassessment notice for the assessment year 2004-05 to be without jurisdiction due to the petitioner's full and true disclosure of material facts during the original assessment, thereby allowing the petition. The judgments underscored the requirement for assessing officers to have credible material and a genuine belief when reopening assessments under Section 148, as well as the significance of complete and accurate disclosure of facts by the taxpayer during the initial assessment. Case-Laws Income Tax Thu, 10 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220210