https://www.taxtmi.com/caselaws?id=254499 The Court found that the notices issued under Section 148 of the Income Tax Act, seeking to re-open assessments for specific years, were invalid as there was no failure on the Petitioner's part to fully disclose necessary facts. Additionally, the re-assessment orders were deemed unlawful as they were passed without addressing the Petitioner's objections, contrary to legal principles. The Court held that the decisions did not justify re-opening assessments beyond the prescribed time limit. Consequently, the Court ruled in favor of the Petitioner, declaring the notices and re-assessment orders as unsustainable. en-us Wed, 17 Sep 2014 00:00:00 +0530 Thu, 19 Feb 2015 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254499 The Court found that the notices issued under Section 148 of the Income Tax Act, seeking to re-open assessments for specific years, were invalid as there was no failure on the Petitioner's part to fully disclose necessary facts. Additionally, the re-assessment orders were deemed unlawful as they were passed without addressing the Petitioner's objections, contrary to legal principles. The Court held that the decisions did not justify re-opening assessments beyond the prescribed time limit. Consequently, the Court ruled in favor of the Petitioner, declaring the notices and re-assessment orders as unsustainable. Case-Laws Income Tax Wed, 17 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254499