https://www.taxtmi.com/caselaws?id=8248 The court held that the Income-tax Officer lacked jurisdiction to reopen the assessment as the petitioner did not omit or fail to disclose material facts necessary for assessment, leading to the escapement of income. The notice issued under Section 148 of the Income-tax Act, 1961, dated 28th March 1969, was quashed, and the respondent was ordered to pay the costs of the petition to the petitioner. en-us Wed, 24 Jun 1970 00:00:00 +0530 Mon, 06 Apr 2009 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8248 The court held that the Income-tax Officer lacked jurisdiction to reopen the assessment as the petitioner did not omit or fail to disclose material facts necessary for assessment, leading to the escapement of income. The notice issued under Section 148 of the Income-tax Act, 1961, dated 28th March 1969, was quashed, and the respondent was ordered to pay the costs of the petition to the petitioner. Case-Laws Income Tax Wed, 24 Jun 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8248