https://www.taxtmi.com/caselaws?id=173097 The High Court, Delhi, upheld the decision of the Income-tax Appellate Tribunal, Delhi Bench 'D', regarding a notice for reassessment issued to the assessee under section 148 of the Income-tax Act, 1961 for the assessment year 1997-98. The Tribunal found the notice to be beyond the period of limitation and ruled in favor of the assessee. The Court emphasized that the Assessing Officer failed to draw correct inferences from the disclosed facts by the assessee, leading to no failure in disclosing material facts. Consequently, the Court dismissed the revenue's appeal, stating no substantial question of law arose. en-us Mon, 03 Mar 2008 00:00:00 +0530 Wed, 15 Apr 2026 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173097 The High Court, Delhi, upheld the decision of the Income-tax Appellate Tribunal, Delhi Bench 'D', regarding a notice for reassessment issued to the assessee under section 148 of the Income-tax Act, 1961 for the assessment year 1997-98. The Tribunal found the notice to be beyond the period of limitation and ruled in favor of the assessee. The Court emphasized that the Assessing Officer failed to draw correct inferences from the disclosed facts by the assessee, leading to no failure in disclosing material facts. Consequently, the Court dismissed the revenue's appeal, stating no substantial question of law arose. Case-Laws Income Tax Mon, 03 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173097