https://www.taxtmi.com/caselaws?id=326701 The court quashed and set aside a notice issued under section 148 of the Income Tax Act for the assessment year 2008-09 to a Cooperative Society manufacturing sugar. The court found the reasons for reopening the assessment insufficient and lacking in establishing that income had escaped assessment due to the petitioner's failure to disclose material facts. Emphasizing the importance of meeting the necessary conditions for reopening assessments under section 147, the court ruled that the notice did not satisfy the required conditions and allowed the petition, thereby invalidating the notice. en-us Tue, 05 Apr 2016 00:00:00 +0530 Fri, 22 Apr 2016 08:49:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326701 The court quashed and set aside a notice issued under section 148 of the Income Tax Act for the assessment year 2008-09 to a Cooperative Society manufacturing sugar. The court found the reasons for reopening the assessment insufficient and lacking in establishing that income had escaped assessment due to the petitioner's failure to disclose material facts. Emphasizing the importance of meeting the necessary conditions for reopening assessments under section 147, the court ruled that the notice did not satisfy the required conditions and allowed the petition, thereby invalidating the notice. Case-Laws Income Tax Tue, 05 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326701