https://www.taxtmi.com/caselaws?id=11358 The court ruled in favor of the petitioner, finding that the notice issued under section 148 of the Income-tax Act for the assessment year 1997-98 was invalid. The court determined that the reasons provided by the Assessing Officer did not demonstrate a failure on the petitioner's part to disclose all material facts necessary for assessment. Additionally, the court allowed the petition despite it being filed prematurely, citing the peculiar facts and erroneous assumptions made by the Assessing Officer as reasons for their decision. en-us Thu, 24 Jul 2003 00:00:00 +0530 Fri, 07 Aug 2009 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11358 The court ruled in favor of the petitioner, finding that the notice issued under section 148 of the Income-tax Act for the assessment year 1997-98 was invalid. The court determined that the reasons provided by the Assessing Officer did not demonstrate a failure on the petitioner's part to disclose all material facts necessary for assessment. Additionally, the court allowed the petition despite it being filed prematurely, citing the peculiar facts and erroneous assumptions made by the Assessing Officer as reasons for their decision. Case-Laws Income Tax Thu, 24 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11358