https://www.taxtmi.com/caselaws?id=337041 The High Court of Madras upheld the decision of the learned Single Judge, dismissing the Department's appeal and confirming the quashing of the notice under section 148 of the Income Tax Act 1961 for the assessment year 1997-1998. The court emphasized the importance of recording reasons for belief of income escapement and failure to disclose material facts fully and truly before issuing a notice beyond four years. The appeal was closed, and the decision of the Single Judge was upheld. en-us Mon, 05 Dec 2016 00:00:00 +0530 Mon, 02 Jan 2017 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337041 The High Court of Madras upheld the decision of the learned Single Judge, dismissing the Department's appeal and confirming the quashing of the notice under section 148 of the Income Tax Act 1961 for the assessment year 1997-1998. The court emphasized the importance of recording reasons for belief of income escapement and failure to disclose material facts fully and truly before issuing a notice beyond four years. The appeal was closed, and the decision of the Single Judge was upheld. Case-Laws Income Tax Mon, 05 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337041