https://www.taxtmi.com/caselaws?id=259098 The court held that the reassessment proceedings initiated beyond four years were not permissible as there was no failure on the part of the assessee to disclose all material facts necessary for assessment. The notice under section 148 for A.Y. 2007-2008 was quashed, reassessment proceedings terminated, and the court refrained from expressing an opinion on the nature of the Software License Fees. The rule was made absolute, and no costs were awarded. en-us Tue, 07 Apr 2015 00:00:00 +0530 Wed, 29 Apr 2015 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259098 The court held that the reassessment proceedings initiated beyond four years were not permissible as there was no failure on the part of the assessee to disclose all material facts necessary for assessment. The notice under section 148 for A.Y. 2007-2008 was quashed, reassessment proceedings terminated, and the court refrained from expressing an opinion on the nature of the Software License Fees. The rule was made absolute, and no costs were awarded. Case-Laws Income Tax Tue, 07 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259098