https://www.taxtmi.com/caselaws?id=243518 The High Court ruled in favor of the petitioner, quashing the notice dated March 30, 2000, issued under section 148 of the Income-tax Act for reopening the assessment for the assessment year 1989-90. The court held that the notice was invalid as it was issued beyond the permissible period of four years from the end of the assessment year, and there was no failure on the petitioner's part to disclose necessary facts for assessment. Consequently, the assumption of jurisdiction under section 147 of the Act was deemed invalid, leading to the notice being set aside with no costs awarded. en-us Thu, 03 Mar 2011 00:00:00 +0530 Fri, 27 Mar 2026 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243518 The High Court ruled in favor of the petitioner, quashing the notice dated March 30, 2000, issued under section 148 of the Income-tax Act for reopening the assessment for the assessment year 1989-90. The court held that the notice was invalid as it was issued beyond the permissible period of four years from the end of the assessment year, and there was no failure on the petitioner's part to disclose necessary facts for assessment. Consequently, the assumption of jurisdiction under section 147 of the Act was deemed invalid, leading to the notice being set aside with no costs awarded. Case-Laws Income Tax Thu, 03 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243518