https://www.taxtmi.com/caselaws?id=265672 The court set aside the notice under Section 148 and related proceedings for the assessment year 2004-05, ruling in favor of the petitioner. The court found that there was no failure on the part of the assessee to fully disclose all material facts necessary for assessment, as required for reopening assessments beyond the prescribed period. The reasons provided for reopening did not indicate any such failure, leading the court to conclude that the reassessment proceedings lacked legal basis. Consequently, the court allowed the writ petition, with no order as to costs, and invalidated the impugned notice under Section 148 and all related proceedings. en-us Thu, 08 Oct 2015 00:00:00 +0530 Wed, 14 Oct 2015 07:45:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265672 The court set aside the notice under Section 148 and related proceedings for the assessment year 2004-05, ruling in favor of the petitioner. The court found that there was no failure on the part of the assessee to fully disclose all material facts necessary for assessment, as required for reopening assessments beyond the prescribed period. The reasons provided for reopening did not indicate any such failure, leading the court to conclude that the reassessment proceedings lacked legal basis. Consequently, the court allowed the writ petition, with no order as to costs, and invalidated the impugned notice under Section 148 and all related proceedings. Case-Laws Income Tax Thu, 08 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265672