https://www.taxtmi.com/caselaws?id=346476 The court set aside the notice seeking to reopen the assessment for the assessment year 2010-11. It found that the reasons provided by the Assessing Officer did not demonstrate any failure on the part of the petitioner to disclose material facts. The court rejected the claims regarding speculative business losses and sales tax exemptions, noting that all relevant information had been disclosed in the original return and accompanying documents. As a result, the court ruled in favor of the petitioner, quashing the reopening of the assessment. en-us Wed, 09 Aug 2017 00:00:00 +0530 Tue, 15 Aug 2017 23:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346476 The court set aside the notice seeking to reopen the assessment for the assessment year 2010-11. It found that the reasons provided by the Assessing Officer did not demonstrate any failure on the part of the petitioner to disclose material facts. The court rejected the claims regarding speculative business losses and sales tax exemptions, noting that all relevant information had been disclosed in the original return and accompanying documents. As a result, the court ruled in favor of the petitioner, quashing the reopening of the assessment. Case-Laws Income Tax Wed, 09 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346476