https://www.taxtmi.com/caselaws?id=261959 The court ruled in favor of the petitioner, a Cooperative Housing Society, in a case challenging a notice issued by the Income Tax authorities under Section 148 seeking to reopen the assessment for the year 2001-02. The court held that the notice was invalid as it did not meet the jurisdictional requirements specified in Sections 147 and 148 of the Income Tax Act. The reasons provided for reopening the assessment did not indicate a failure on the part of the petitioner to fully and truly disclose necessary facts, leading to the petition being allowed with no costs awarded. en-us Thu, 16 Jul 2015 00:00:00 +0530 Sat, 07 Nov 2015 15:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261959 The court ruled in favor of the petitioner, a Cooperative Housing Society, in a case challenging a notice issued by the Income Tax authorities under Section 148 seeking to reopen the assessment for the year 2001-02. The court held that the notice was invalid as it did not meet the jurisdictional requirements specified in Sections 147 and 148 of the Income Tax Act. The reasons provided for reopening the assessment did not indicate a failure on the part of the petitioner to fully and truly disclose necessary facts, leading to the petition being allowed with no costs awarded. Case-Laws Income Tax Thu, 16 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261959