https://www.taxtmi.com/caselaws?id=10233 The court held in favor of the petitioners, finding that the notices issued by the Assessing Officer under section 148 of the Income-tax Act for reopening assessments were invalid. The court determined that the Assessing Officer lacked jurisdiction as there was no failure on the part of the assessee to disclose material facts, and the reasons for reopening assessments were based on an incorrect interpretation of accounts. The court quashed the notices and any consequent assessment orders, allowing the writ petition under article 226 of the Constitution of India. en-us Tue, 14 Sep 2004 00:00:00 +0530 Sat, 11 Jul 2009 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10233 The court held in favor of the petitioners, finding that the notices issued by the Assessing Officer under section 148 of the Income-tax Act for reopening assessments were invalid. The court determined that the Assessing Officer lacked jurisdiction as there was no failure on the part of the assessee to disclose material facts, and the reasons for reopening assessments were based on an incorrect interpretation of accounts. The court quashed the notices and any consequent assessment orders, allowing the writ petition under article 226 of the Constitution of India. Case-Laws Income Tax Tue, 14 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10233