https://www.taxtmi.com/caselaws?id=10828 The court held that the reopening of the assessment under Section 147 of the Income-tax Act was without jurisdiction as there was no new material to justify the belief of income escaping assessment. The notices issued under Section 148 were quashed, and the rule was made absolute in favor of the petitioner, with no order as to costs. en-us Wed, 30 Jul 2003 00:00:00 +0530 Sat, 25 Jul 2009 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10828 The court held that the reopening of the assessment under Section 147 of the Income-tax Act was without jurisdiction as there was no new material to justify the belief of income escaping assessment. The notices issued under Section 148 were quashed, and the rule was made absolute in favor of the petitioner, with no order as to costs. Case-Laws Income Tax Wed, 30 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10828