https://www.taxtmi.com/caselaws?id=332383 The court ruled in favor of the petitioner, quashing the notice dated 18.03.2015 issued under section 148 of the Income Tax Act, 1961 for reopening the assessment of the petitioner for the assessment year 2008-09. The court found that the reasons recorded for reopening the assessment did not meet the legal requirements, specifically lacking in demonstrating the petitioner's failure to disclose material facts and the Assessing Officer's grounds to believe income had escaped assessment. The court also highlighted inconsistencies with previous judgments, ultimately allowing the petition and setting aside the assessment order. en-us Tue, 05 Apr 2016 00:00:00 +0530 Fri, 16 Sep 2016 11:35:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332383 The court ruled in favor of the petitioner, quashing the notice dated 18.03.2015 issued under section 148 of the Income Tax Act, 1961 for reopening the assessment of the petitioner for the assessment year 2008-09. The court found that the reasons recorded for reopening the assessment did not meet the legal requirements, specifically lacking in demonstrating the petitioner's failure to disclose material facts and the Assessing Officer's grounds to believe income had escaped assessment. The court also highlighted inconsistencies with previous judgments, ultimately allowing the petition and setting aside the assessment order. Case-Laws Income Tax Tue, 05 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332383