https://www.taxtmi.com/caselaws?id=329468 The court dismissed the challenge to the notice for reopening the assessment for AY 2009-2010, finding that the reasons for reopening did not justify the action. The court noted that the original assessment had thoroughly examined the capital loss issue, and there was no failure to disclose material facts. Additionally, the notice was issued beyond the permissible four-year period without any new material warranting the reopening. The court ultimately dismissed the petition challenging the notice. Subsequently, a correction clarified that the petition was allowed, rectifying an earlier error stating dismissal. en-us Mon, 27 Jun 2016 00:00:00 +0530 Tue, 09 Aug 2016 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329468 The court dismissed the challenge to the notice for reopening the assessment for AY 2009-2010, finding that the reasons for reopening did not justify the action. The court noted that the original assessment had thoroughly examined the capital loss issue, and there was no failure to disclose material facts. Additionally, the notice was issued beyond the permissible four-year period without any new material warranting the reopening. The court ultimately dismissed the petition challenging the notice. Subsequently, a correction clarified that the petition was allowed, rectifying an earlier error stating dismissal. Case-Laws Income Tax Mon, 27 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329468