https://www.taxtmi.com/caselaws?id=244483 The court held that the notice issued by the Assessing Officer to reopen the assessment for the year 1997-1998 was invalid. The court found that there was no new material for reopening the assessment and no allegation of income escaping assessment due to failure to disclose facts. The grounds cited for reopening did not justify the action after four years from the relevant assessment year. The court concluded that the petitioner had disclosed all material facts, and there was no valid reason to reopen the assessment. Consequently, the court quashed the notice and disposed of the petition. en-us Wed, 12 Feb 2014 00:00:00 +0530 Wed, 20 Aug 2014 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244483 The court held that the notice issued by the Assessing Officer to reopen the assessment for the year 1997-1998 was invalid. The court found that there was no new material for reopening the assessment and no allegation of income escaping assessment due to failure to disclose facts. The grounds cited for reopening did not justify the action after four years from the relevant assessment year. The court concluded that the petitioner had disclosed all material facts, and there was no valid reason to reopen the assessment. Consequently, the court quashed the notice and disposed of the petition. Case-Laws Income Tax Wed, 12 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244483