https://www.taxtmi.com/caselaws?id=339423 The court ruled in favor of the petitioner-assessee, holding that the reopening of the assessment for the Assessment Year 2009-2010 under Section 148 of the Income-tax Act beyond four years was not justified. The court found that all relevant facts were disclosed during the original assessment, and there was no failure on the part of the assessee to disclose necessary material facts. Therefore, the court quashed the notice for reopening the assessment, making the rule absolute with no order as to costs. en-us Mon, 06 Feb 2017 00:00:00 +0530 Mon, 29 May 2017 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339423 The court ruled in favor of the petitioner-assessee, holding that the reopening of the assessment for the Assessment Year 2009-2010 under Section 148 of the Income-tax Act beyond four years was not justified. The court found that all relevant facts were disclosed during the original assessment, and there was no failure on the part of the assessee to disclose necessary material facts. Therefore, the court quashed the notice for reopening the assessment, making the rule absolute with no order as to costs. Case-Laws Income Tax Mon, 06 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339423