https://www.taxtmi.com/caselaws?id=252092 The High Court held that the notices issued under Section 148 of the Income Tax Act for reopening assessments for the years 1998-1999 and 1999-2000 were without jurisdiction as they were beyond the prescribed period and lacked indication of failure to disclose material facts. The Court emphasized the necessity of reasons for reopening assessments to be based on such failure. Consequently, both notices were quashed, and the petitions were allowed without costs imposed. en-us Mon, 22 Sep 2014 00:00:00 +0530 Thu, 14 May 2015 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252092 The High Court held that the notices issued under Section 148 of the Income Tax Act for reopening assessments for the years 1998-1999 and 1999-2000 were without jurisdiction as they were beyond the prescribed period and lacked indication of failure to disclose material facts. The Court emphasized the necessity of reasons for reopening assessments to be based on such failure. Consequently, both notices were quashed, and the petitions were allowed without costs imposed. Case-Laws Income Tax Mon, 22 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252092