https://www.taxtmi.com/caselaws?id=245768 The court set aside the notice issued under section 147 of the Income-tax Act, 1961 for reopening the assessment for the assessment year 2005-06 due to the lack of disclosure of essential conditions in the notice itself. Emphasizing the importance of complying with the statutory requirements outlined in the Act, the judgment highlighted that assessments cannot be reopened after four years without specific situations as per the first proviso to section 147. The Revenue was given the opportunity to proceed lawfully if valid grounds exist, with the writ petition being disposed of without costs. en-us Fri, 29 Nov 2013 00:00:00 +0530 Sun, 06 Apr 2014 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245768 The court set aside the notice issued under section 147 of the Income-tax Act, 1961 for reopening the assessment for the assessment year 2005-06 due to the lack of disclosure of essential conditions in the notice itself. Emphasizing the importance of complying with the statutory requirements outlined in the Act, the judgment highlighted that assessments cannot be reopened after four years without specific situations as per the first proviso to section 147. The Revenue was given the opportunity to proceed lawfully if valid grounds exist, with the writ petition being disposed of without costs. Case-Laws Income Tax Fri, 29 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245768