https://www.taxtmi.com/caselaws?id=233776 The High Court quashed the notice issued under section 148 of the Income Tax Act, 1961 for Assessment Year 2006-07. The court found that the reasons for reopening the assessment, including concerns about interest-free advances, disallowances under various sections, and TDS-related issues, were not based on any failure by the petitioner to disclose material facts. As all relevant information was already on record, the court allowed the petition and disposed of the matter in favor of the petitioner. en-us Tue, 07 May 2013 00:00:00 +0530 Wed, 15 May 2013 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233776 The High Court quashed the notice issued under section 148 of the Income Tax Act, 1961 for Assessment Year 2006-07. The court found that the reasons for reopening the assessment, including concerns about interest-free advances, disallowances under various sections, and TDS-related issues, were not based on any failure by the petitioner to disclose material facts. As all relevant information was already on record, the court allowed the petition and disposed of the matter in favor of the petitioner. Case-Laws Income Tax Tue, 07 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233776