https://www.taxtmi.com/caselaws?id=345255 The court declared the reassessment proceedings initiated under Section 148 of the Income Tax Act for the assessment year 2008-2009 as illegal and without jurisdiction. It found that the notice did not establish escapement of income due to failure to disclose material facts by the assessee, and the reasons provided for reassessment were vague and flawed. The court emphasized the importance of proving non-disclosure for reassessment after the four-year period, ultimately quashing the notice and subsequent proceedings. en-us Wed, 07 Jun 2017 00:00:00 +0530 Tue, 26 Sep 2017 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345255 The court declared the reassessment proceedings initiated under Section 148 of the Income Tax Act for the assessment year 2008-2009 as illegal and without jurisdiction. It found that the notice did not establish escapement of income due to failure to disclose material facts by the assessee, and the reasons provided for reassessment were vague and flawed. The court emphasized the importance of proving non-disclosure for reassessment after the four-year period, ultimately quashing the notice and subsequent proceedings. Case-Laws Income Tax Wed, 07 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345255