https://www.taxtmi.com/caselaws?id=7931 The court held that the petitioner-company's liaison expenditure was deductible, and the technical fees received were not taxable income. It found that there was no failure to disclose material facts, rendering the reassessment notices invalid under Section 148 of the Income-tax Act, 1961. The court issued a writ of mandamus to recall the notices and a writ of prohibition against further action. The application was successful, with costs not awarded. en-us Fri, 13 Mar 1970 00:00:00 +0530 Tue, 24 Mar 2009 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7931 The court held that the petitioner-company's liaison expenditure was deductible, and the technical fees received were not taxable income. It found that there was no failure to disclose material facts, rendering the reassessment notices invalid under Section 148 of the Income-tax Act, 1961. The court issued a writ of mandamus to recall the notices and a writ of prohibition against further action. The application was successful, with costs not awarded. Case-Laws Income Tax Fri, 13 Mar 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7931