https://www.taxtmi.com/caselaws?id=194561 The Court set aside the order issued under Sections 147 and 148 of the Income Tax Act, 1961, in favor of the petitioner. The Court found that the Assessing Officer lacked jurisdiction as the petitioner had disclosed all relevant facts regarding the technical knowhow acquisition. Despite the Assessing Officer's initial claim of excessive deduction, the Court concluded that invoking Section 147 was not justified. The Court ruled in favor of the petitioner, allowing the writ petition and overturning the impugned notice and order. en-us Thu, 05 May 2016 00:00:00 +0530 Wed, 13 Sep 2017 20:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194561 The Court set aside the order issued under Sections 147 and 148 of the Income Tax Act, 1961, in favor of the petitioner. The Court found that the Assessing Officer lacked jurisdiction as the petitioner had disclosed all relevant facts regarding the technical knowhow acquisition. Despite the Assessing Officer's initial claim of excessive deduction, the Court concluded that invoking Section 147 was not justified. The Court ruled in favor of the petitioner, allowing the writ petition and overturning the impugned notice and order. Case-Laws Income Tax Thu, 05 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194561