https://www.taxtmi.com/caselaws?id=357653 The Court allowed the writ petition, quashing the reassessment proceedings under Section 148 of the Income Tax Act for Assessment Year 2010-11. It held that the Petitioner had fully disclosed all material facts during scrutiny, rendering the Assessing Officer's attempt to reopen the assessment after four years unjustified. The Court emphasized that reassessment must be based on jurisdictional grounds due to non-disclosure of material facts, which was not the case here. Consequently, the reassessment was dismissed, affirming the Petitioner's compliance with disclosure requirements. en-us Tue, 06 Mar 2018 00:00:00 +0530 Thu, 31 May 2018 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357653 The Court allowed the writ petition, quashing the reassessment proceedings under Section 148 of the Income Tax Act for Assessment Year 2010-11. It held that the Petitioner had fully disclosed all material facts during scrutiny, rendering the Assessing Officer's attempt to reopen the assessment after four years unjustified. The Court emphasized that reassessment must be based on jurisdictional grounds due to non-disclosure of material facts, which was not the case here. Consequently, the reassessment was dismissed, affirming the Petitioner's compliance with disclosure requirements. Case-Laws Income Tax Tue, 06 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357653