https://www.taxtmi.com/caselaws?id=326288 The court held that the notice issued for the assessment year 1993-94 was invalid due to being beyond the statutory time limit. For the assessment year 1994-95, the reasons provided for reopening the assessment did not meet statutory requirements, lacking tangible material linking to income escapement belief and failure to disclose all material facts. The court found the order for reopening the 1994-95 assessment non-compliant and declared it invalid, emphasizing the importance of strict adherence to statutory provisions in such cases. en-us Fri, 11 Mar 2016 00:00:00 +0530 Sat, 18 Jun 2016 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326288 The court held that the notice issued for the assessment year 1993-94 was invalid due to being beyond the statutory time limit. For the assessment year 1994-95, the reasons provided for reopening the assessment did not meet statutory requirements, lacking tangible material linking to income escapement belief and failure to disclose all material facts. The court found the order for reopening the 1994-95 assessment non-compliant and declared it invalid, emphasizing the importance of strict adherence to statutory provisions in such cases. Case-Laws Income Tax Fri, 11 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326288