https://www.taxtmi.com/caselaws?id=12427 The court allowed the writ petition, quashing the notices under section 148 as they were deemed invalid due to being time-barred and not meeting the requirements under section 147 of the Income-tax Act. The court emphasized the necessity of establishing the failure to disclose material facts for a notice to be valid, rejecting the argument that mere escapement of assessment based on subsequent legal explanations was sufficient. The court found that the second condition of failure to disclose material facts was not met in this case, leading to the decision that the notices were time-barred. en-us Tue, 11 Jun 2002 00:00:00 +0530 Wed, 24 Feb 2010 15:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12427 The court allowed the writ petition, quashing the notices under section 148 as they were deemed invalid due to being time-barred and not meeting the requirements under section 147 of the Income-tax Act. The court emphasized the necessity of establishing the failure to disclose material facts for a notice to be valid, rejecting the argument that mere escapement of assessment based on subsequent legal explanations was sufficient. The court found that the second condition of failure to disclose material facts was not met in this case, leading to the decision that the notices were time-barred. Case-Laws Income Tax Tue, 11 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12427