https://www.taxtmi.com/caselaws?id=259130 The Court ruled in favor of the petitioner, quashing the notice under section 148 for AY 2008-2009. It found the reopening of assessment beyond the four-year period to be jurisdictionally incorrect as the conditions for reassessment under section 147 were not met. The Court held that the Assessing Officer had accepted the revised computation during the original assessment, making the reopening unnecessary. Consequently, the petition was allowed with no costs imposed. en-us Wed, 11 Mar 2015 00:00:00 +0530 Fri, 01 May 2015 06:09:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259130 The Court ruled in favor of the petitioner, quashing the notice under section 148 for AY 2008-2009. It found the reopening of assessment beyond the four-year period to be jurisdictionally incorrect as the conditions for reassessment under section 147 were not met. The Court held that the Assessing Officer had accepted the revised computation during the original assessment, making the reopening unnecessary. Consequently, the petition was allowed with no costs imposed. Case-Laws Income Tax Wed, 11 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259130