https://www.taxtmi.com/caselaws?id=11010 The court considered the challenge against notices issued under section 147 of the Income-tax Act to reopen assessments for the years 1982-83 and 1983-84. It was found that there was no failure to disclose material facts by the assessee, as all relevant figures were disclosed in the returns and balance-sheets. The court held that the notices issued beyond the four-year limitation period were without jurisdiction. Therefore, the court quashed and set aside the notices, ruling in favor of the petitioner with no costs. en-us Wed, 07 Jan 2004 00:00:00 +0530 Wed, 29 Jul 2009 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11010 The court considered the challenge against notices issued under section 147 of the Income-tax Act to reopen assessments for the years 1982-83 and 1983-84. It was found that there was no failure to disclose material facts by the assessee, as all relevant figures were disclosed in the returns and balance-sheets. The court held that the notices issued beyond the four-year limitation period were without jurisdiction. Therefore, the court quashed and set aside the notices, ruling in favor of the petitioner with no costs. Case-Laws Income Tax Wed, 07 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11010