https://www.taxtmi.com/caselaws?id=221001 The court set aside the notice issued under section 148 of the Income Tax Act for reopening the assessment year 2005-06 due to the assessing officer's failure to demonstrate the petitioner's failure to disclose material facts necessary for assessment. The court emphasized the statutory requirement of full and true disclosure for reopening assessments beyond the specified period, leading to the rejection of objections and quashing of all related proceedings. The writ petition was allowed, and no costs were awarded, upholding the petitioner's objections based on the legal necessity of disclosing material facts for assessment under the Income Tax Act. en-us Thu, 14 Feb 2013 00:00:00 +0530 Fri, 28 Jun 2013 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221001 The court set aside the notice issued under section 148 of the Income Tax Act for reopening the assessment year 2005-06 due to the assessing officer's failure to demonstrate the petitioner's failure to disclose material facts necessary for assessment. The court emphasized the statutory requirement of full and true disclosure for reopening assessments beyond the specified period, leading to the rejection of objections and quashing of all related proceedings. The writ petition was allowed, and no costs were awarded, upholding the petitioner's objections based on the legal necessity of disclosing material facts for assessment under the Income Tax Act. Case-Laws Income Tax Thu, 14 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221001