https://www.taxtmi.com/caselaws?id=329920 The High Court held that the re-opening notice for the assessment year 2009-2010 under section 54F of the Income Tax Act was invalid as it was issued beyond the four-year period without any failure to disclose material facts. The Court found that the Assessing Officer's conclusions were based on existing records from the original assessment, and there was no new material warranting the re-opening. As the petitioner had provided necessary details during the initial assessment and the investment in residential plots was accepted in law, the Court set aside the notice and disposed of the matter in favor of the petitioner. en-us Mon, 04 Jul 2016 00:00:00 +0530 Mon, 01 Jun 2026 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329920 The High Court held that the re-opening notice for the assessment year 2009-2010 under section 54F of the Income Tax Act was invalid as it was issued beyond the four-year period without any failure to disclose material facts. The Court found that the Assessing Officer's conclusions were based on existing records from the original assessment, and there was no new material warranting the re-opening. As the petitioner had provided necessary details during the initial assessment and the investment in residential plots was accepted in law, the Court set aside the notice and disposed of the matter in favor of the petitioner. Case-Laws Income Tax Mon, 04 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329920