https://www.taxtmi.com/caselaws?id=355741 The court quashed the notice seeking to reopen the assessment for the assessment year 2010-11 as the Assessing Officer failed to establish any failure on the part of the assessee to disclose material facts within the permissible period. The disputes related to business loss claimed by the assessee and the expenditure for earning exempt income were not considered valid reasons for reopening the assessment. The court found that the Assessing Officer had enough material to form a belief but lacked evidence of non-disclosure by the assessee, leading to the invalidation of the notice. en-us Wed, 14 Feb 2018 00:00:00 +0530 Sat, 17 Feb 2018 06:45:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355741 The court quashed the notice seeking to reopen the assessment for the assessment year 2010-11 as the Assessing Officer failed to establish any failure on the part of the assessee to disclose material facts within the permissible period. The disputes related to business loss claimed by the assessee and the expenditure for earning exempt income were not considered valid reasons for reopening the assessment. The court found that the Assessing Officer had enough material to form a belief but lacked evidence of non-disclosure by the assessee, leading to the invalidation of the notice. Case-Laws Income Tax Wed, 14 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355741