https://www.taxtmi.com/caselaws?id=243520 The court quashed the reassessment notice issued under section 148 of the Income Tax Act, 1961, as it was beyond the four-year period from the original assessment year and there was no failure by the petitioner to disclose material facts. The court found that the Assessing Officer lacked satisfaction regarding any such failure, invalidating the jurisdiction under section 147 of the Act. Consequently, the court allowed the petition, setting aside the notice and emphasizing the failure to meet the conditions for reassessment under section 148. en-us Mon, 29 Jul 2013 00:00:00 +0530 Fri, 04 Apr 2014 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243520 The court quashed the reassessment notice issued under section 148 of the Income Tax Act, 1961, as it was beyond the four-year period from the original assessment year and there was no failure by the petitioner to disclose material facts. The court found that the Assessing Officer lacked satisfaction regarding any such failure, invalidating the jurisdiction under section 147 of the Act. Consequently, the court allowed the petition, setting aside the notice and emphasizing the failure to meet the conditions for reassessment under section 148. Case-Laws Income Tax Mon, 29 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243520