https://www.taxtmi.com/caselaws?id=189135 The court held that the reassessment proceedings initiated beyond four years were impermissible as the condition precedent for jurisdiction under Section 147 was not met. It was determined that there was no failure by the assessee to fully disclose material facts necessary for assessment. Consequently, the notice under Section 148 and the reassessment proceedings for AY 2007-08 were quashed and set aside. en-us Thu, 07 May 2015 00:00:00 +0530 Thu, 10 Dec 2020 16:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189135 The court held that the reassessment proceedings initiated beyond four years were impermissible as the condition precedent for jurisdiction under Section 147 was not met. It was determined that there was no failure by the assessee to fully disclose material facts necessary for assessment. Consequently, the notice under Section 148 and the reassessment proceedings for AY 2007-08 were quashed and set aside. Case-Laws Income Tax Thu, 07 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189135