https://www.taxtmi.com/caselaws?id=235689 The court ruled in favor of the petitioner, quashing the notice to reopen assessment for the assessment year 1991-92 under section 148 of the Income-tax Act. The court held that there was no failure on the petitioner's part to disclose material facts necessary for assessment, emphasizing that the petitioner had provided necessary details in the original assessment. The court clarified that the obligation is to furnish material facts, not proof, and since the petitioner had disclosed all relevant information, the notice was deemed invalid. en-us Fri, 01 Apr 2011 00:00:00 +0530 Wed, 31 Jul 2013 09:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235689 The court ruled in favor of the petitioner, quashing the notice to reopen assessment for the assessment year 1991-92 under section 148 of the Income-tax Act. The court held that there was no failure on the petitioner's part to disclose material facts necessary for assessment, emphasizing that the petitioner had provided necessary details in the original assessment. The court clarified that the obligation is to furnish material facts, not proof, and since the petitioner had disclosed all relevant information, the notice was deemed invalid. Case-Laws Income Tax Fri, 01 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235689