https://www.taxtmi.com/caselaws?id=189441 The High Court of Bombay ruled in favor of the Assessee Trust in a challenge to a notice issued under Section 148 of the Income Tax Act, 1961 seeking to reopen the assessment for AY 2003-04 beyond the prescribed time limit. The Court found that there was no failure on the part of the Assessee Trust to disclose all material facts, as required by law for reopening assessments beyond four years. The notice and subsequent reassessment order were quashed, with no costs awarded. en-us Tue, 15 Feb 2011 00:00:00 +0530 Mon, 09 Jan 2017 18:24:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189441 The High Court of Bombay ruled in favor of the Assessee Trust in a challenge to a notice issued under Section 148 of the Income Tax Act, 1961 seeking to reopen the assessment for AY 2003-04 beyond the prescribed time limit. The Court found that there was no failure on the part of the Assessee Trust to disclose all material facts, as required by law for reopening assessments beyond four years. The notice and subsequent reassessment order were quashed, with no costs awarded. Case-Laws Income Tax Tue, 15 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189441