https://www.taxtmi.com/caselaws?id=252870 The court held that the notice issued under Section 148 of the Income Tax Act, 1961 to reopen an assessment for A.Y. 2007-08, beyond the four-year period, was unlawful as the jurisdictional requirement was not met. The court emphasized the necessity of tangible material for reopening assessments within four years. As the reasons for reopening were not based on any failure to disclose material facts by the assessee, the court quashed the notice, rendering it invalid. The petition was allowed, and the notice to reopen the assessment was set aside with no costs imposed. en-us Wed, 29 Oct 2014 00:00:00 +0530 Tue, 12 May 2015 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252870 The court held that the notice issued under Section 148 of the Income Tax Act, 1961 to reopen an assessment for A.Y. 2007-08, beyond the four-year period, was unlawful as the jurisdictional requirement was not met. The court emphasized the necessity of tangible material for reopening assessments within four years. As the reasons for reopening were not based on any failure to disclose material facts by the assessee, the court quashed the notice, rendering it invalid. The petition was allowed, and the notice to reopen the assessment was set aside with no costs imposed. Case-Laws Income Tax Wed, 29 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252870