https://www.taxtmi.com/caselaws?id=342691 The High Court analyzed a challenge to a notice issued under Section 148 of the Income Tax Act, 1961 and the subsequent rejection of objections against the notice. The court found that the notice was without jurisdiction and barred by limitation as it did not fulfill mandatory conditions under Section 147. Emphasizing the importance of disclosing material facts, the court ruled in favor of the petitioner, quashing the notice and the order rejecting objections. The court highlighted that failure to disclose fully and truly material facts renders reassessment proceedings after the initial period not maintainable. en-us Tue, 02 May 2017 00:00:00 +0530 Wed, 10 May 2017 07:24:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342691 The High Court analyzed a challenge to a notice issued under Section 148 of the Income Tax Act, 1961 and the subsequent rejection of objections against the notice. The court found that the notice was without jurisdiction and barred by limitation as it did not fulfill mandatory conditions under Section 147. Emphasizing the importance of disclosing material facts, the court ruled in favor of the petitioner, quashing the notice and the order rejecting objections. The court highlighted that failure to disclose fully and truly material facts renders reassessment proceedings after the initial period not maintainable. Case-Laws Income Tax Tue, 02 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342691