https://www.taxtmi.com/caselaws?id=330834 The High Court ruled in favor of the petitioner, holding that the notice for reopening the assessment for the assessment year 2008-09 was invalid. The court found no failure on the part of the assessee to disclose all material facts necessary for assessment, as detailed accounts were provided during the original assessment. The court emphasized the lack of external evidence supporting non-disclosure and quashed the notice issued beyond the statutory period, allowing the petition and disposing of the case. en-us Tue, 19 Jul 2016 00:00:00 +0530 Sat, 27 Aug 2016 13:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330834 The High Court ruled in favor of the petitioner, holding that the notice for reopening the assessment for the assessment year 2008-09 was invalid. The court found no failure on the part of the assessee to disclose all material facts necessary for assessment, as detailed accounts were provided during the original assessment. The court emphasized the lack of external evidence supporting non-disclosure and quashed the notice issued beyond the statutory period, allowing the petition and disposing of the case. Case-Laws Income Tax Tue, 19 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330834