https://www.taxtmi.com/caselaws?id=181760 The Court quashed the notices for reopening the assessment for the assessment years 1992-93 and 1993-94, as they were issued beyond the four-year statutory limitation period under s. 147 of the IT Act. The Court found no failure by the assessee to disclose all material facts during the original assessments. It emphasized that issuing notices beyond the four-year period without jurisdiction is invalid. Consequently, the petition was allowed, and the rule was made absolute without costs. en-us Thu, 24 Jul 2008 00:00:00 +0530 Wed, 29 Nov 2023 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181760 The Court quashed the notices for reopening the assessment for the assessment years 1992-93 and 1993-94, as they were issued beyond the four-year statutory limitation period under s. 147 of the IT Act. The Court found no failure by the assessee to disclose all material facts during the original assessments. It emphasized that issuing notices beyond the four-year period without jurisdiction is invalid. Consequently, the petition was allowed, and the rule was made absolute without costs. Case-Laws Income Tax Thu, 24 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181760