https://www.taxtmi.com/caselaws?id=261850 The court held that the notices issued by the Assessing Officer under Section 148 of the Income Tax Act, seeking to reopen assessments for the assessment years 2004-05 and 2005-06, were without jurisdiction as they did not demonstrate a failure to disclose fully and truly all material facts necessary for assessment. The court ruled in favor of the petitioners, stating that the primary requirement for issuing the notices was not satisfied. As a result, both petitions were allowed, and the rule was made absolute with no order as to costs. en-us Thu, 30 Apr 2015 00:00:00 +0530 Fri, 24 Jul 2015 18:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261850 The court held that the notices issued by the Assessing Officer under Section 148 of the Income Tax Act, seeking to reopen assessments for the assessment years 2004-05 and 2005-06, were without jurisdiction as they did not demonstrate a failure to disclose fully and truly all material facts necessary for assessment. The court ruled in favor of the petitioners, stating that the primary requirement for issuing the notices was not satisfied. As a result, both petitions were allowed, and the rule was made absolute with no order as to costs. Case-Laws Income Tax Thu, 30 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261850