https://www.taxtmi.com/caselaws?id=235321 The court upheld the validity of the notice issued under section 148 of the Income-tax Act for reopening the assessment year 1994-95, despite the petitioner's objections. It was determined that the reassessment was valid as income had escaped assessment due to the petitioner's failure to disclose all material facts. Additionally, the court found it permissible to reopen the assessment on the same grounds after an earlier assessment was set aside due to procedural errors. The court also concluded that the reopening of the assessment beyond the four-year period was valid, leading to the dismissal of the petition challenging the notice. en-us Thu, 03 Mar 2011 00:00:00 +0530 Fri, 19 Jul 2013 06:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235321 The court upheld the validity of the notice issued under section 148 of the Income-tax Act for reopening the assessment year 1994-95, despite the petitioner's objections. It was determined that the reassessment was valid as income had escaped assessment due to the petitioner's failure to disclose all material facts. Additionally, the court found it permissible to reopen the assessment on the same grounds after an earlier assessment was set aside due to procedural errors. The court also concluded that the reopening of the assessment beyond the four-year period was valid, leading to the dismissal of the petition challenging the notice. Case-Laws Income Tax Thu, 03 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235321