https://www.taxtmi.com/caselaws?id=331030 The High Court quashed the notices issued by the Assessing Officer for reopening assessments beyond the statutory four-year period. The court upheld the assessee's argument that all material facts were disclosed, rendering the reassessment invalid. The exclusion of telecommunication charges from export turnover and excess deductions were found to be adequately explained by the assessee during the original assessment, leading to the conclusion that there were no grounds for reassessment beyond the prescribed time limit under Section 147 of the Income-Tax Act, 1961. en-us Mon, 08 Aug 2016 00:00:00 +0530 Thu, 11 Aug 2016 14:38:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331030 The High Court quashed the notices issued by the Assessing Officer for reopening assessments beyond the statutory four-year period. The court upheld the assessee's argument that all material facts were disclosed, rendering the reassessment invalid. The exclusion of telecommunication charges from export turnover and excess deductions were found to be adequately explained by the assessee during the original assessment, leading to the conclusion that there were no grounds for reassessment beyond the prescribed time limit under Section 147 of the Income-Tax Act, 1961. Case-Laws Income Tax Mon, 08 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331030