https://www.taxtmi.com/caselaws?id=348094 The Court quashed the notice under Section 148 of the Income Tax Act for Assessment Year 2009-10 as the Assessing Officer failed to establish that the Assessee did not disclose all material facts necessary for assessment. The Court found that the reasons for reopening lacked tangible material and noted that the Assessee had provided relevant details during the original assessment. It held that the Assessee's duty was to provide information, not guide the investigation process. Consequently, the Court ruled in favor of the Assessee, emphasizing the importance of meeting statutory requirements before initiating reassessment proceedings. en-us Mon, 11 Sep 2017 00:00:00 +0530 Sat, 16 Sep 2017 08:39:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348094 The Court quashed the notice under Section 148 of the Income Tax Act for Assessment Year 2009-10 as the Assessing Officer failed to establish that the Assessee did not disclose all material facts necessary for assessment. The Court found that the reasons for reopening lacked tangible material and noted that the Assessee had provided relevant details during the original assessment. It held that the Assessee's duty was to provide information, not guide the investigation process. Consequently, the Court ruled in favor of the Assessee, emphasizing the importance of meeting statutory requirements before initiating reassessment proceedings. Case-Laws Income Tax Mon, 11 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348094