https://www.taxtmi.com/caselaws?id=259401 The court quashed the notice under Section 148 of the Income Tax Act and set aside the reassessment proceedings for A.Y. 2007-2008, ruling in favor of the petitioner. The court found that the Assessing Officer's decision to reopen the assessment based on incorrect grounds and to examine the petitioner's status as an SSI unit was inappropriate beyond the statutory 4-year limit. As the petitioner had not claimed the disallowed expenditure in question, the court held that there was no under-assessment due to the failure to disclose material facts, leading to the decision in favor of the petitioner. en-us Tue, 28 Apr 2015 00:00:00 +0530 Sat, 09 May 2015 11:20:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259401 The court quashed the notice under Section 148 of the Income Tax Act and set aside the reassessment proceedings for A.Y. 2007-2008, ruling in favor of the petitioner. The court found that the Assessing Officer's decision to reopen the assessment based on incorrect grounds and to examine the petitioner's status as an SSI unit was inappropriate beyond the statutory 4-year limit. As the petitioner had not claimed the disallowed expenditure in question, the court held that there was no under-assessment due to the failure to disclose material facts, leading to the decision in favor of the petitioner. Case-Laws Income Tax Tue, 28 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259401