https://www.taxtmi.com/caselaws?id=271155 The court quashed the notice issued under Section 148 of the Income Tax Act as the reassessment proceedings were found invalid due to the absence of failure to disclose material facts and being initiated based on a change of opinion. The court affirmed that the petitioner had fully disclosed all necessary facts and that the dividend income earned was exempt from tax under Section 10(33) of the Act. en-us Mon, 18 Jan 2016 00:00:00 +0530 Mon, 02 May 2016 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271155 The court quashed the notice issued under Section 148 of the Income Tax Act as the reassessment proceedings were found invalid due to the absence of failure to disclose material facts and being initiated based on a change of opinion. The court affirmed that the petitioner had fully disclosed all necessary facts and that the dividend income earned was exempt from tax under Section 10(33) of the Act. Case-Laws Income Tax Mon, 18 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271155