https://www.taxtmi.com/caselaws?id=9557 The High Court of BOMBAY allowed the petition and quashed the notice of reopening the assessment and the consequent reassessment order of a public limited company for the year 1998-99 under the Income-tax Act. The court held that without a failure to disclose material facts and when the decision to reopen assessments is beyond the prescribed period, reassessment cannot be upheld. The ruling favored the petitioner, with no costs imposed. en-us Mon, 14 Nov 2005 00:00:00 +0530 Sat, 27 Jun 2009 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9557 The High Court of BOMBAY allowed the petition and quashed the notice of reopening the assessment and the consequent reassessment order of a public limited company for the year 1998-99 under the Income-tax Act. The court held that without a failure to disclose material facts and when the decision to reopen assessments is beyond the prescribed period, reassessment cannot be upheld. The ruling favored the petitioner, with no costs imposed. Case-Laws Income Tax Mon, 14 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9557