https://www.taxtmi.com/caselaws?id=10685 The court held that the Assessing Officer (AO) did not have jurisdiction to reopen the assessment under section 147(a) of the Income-tax Act as the assessee had fully disclosed all primary facts necessary for the assessment. The court emphasized that the AO's failure to inquire further into the compensation claim was an oversight. Additionally, the notice issued under section 148 was beyond the limitation period, rendering it invalid. The decision favored the assessee, ruling against the Revenue. en-us Wed, 01 Jun 2005 00:00:00 +0530 Tue, 21 Jul 2009 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10685 The court held that the Assessing Officer (AO) did not have jurisdiction to reopen the assessment under section 147(a) of the Income-tax Act as the assessee had fully disclosed all primary facts necessary for the assessment. The court emphasized that the AO's failure to inquire further into the compensation claim was an oversight. Additionally, the notice issued under section 148 was beyond the limitation period, rendering it invalid. The decision favored the assessee, ruling against the Revenue. Case-Laws Income Tax Wed, 01 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10685