https://www.taxtmi.com/caselaws?id=358083 The court found that the notice issued under Section 148 of the Act to reopen the assessment for the Assessment Year 2010-11 was not sustainable. The reasons for the notice did not specifically identify any undisclosed material facts, and the petitioner had fully disclosed all relevant information, including foreign exchange gains, during the regular assessment proceedings. As a result, the court granted an interim stay, indicating that the impugned notice was prima facie without jurisdiction. en-us Mon, 26 Mar 2018 00:00:00 +0530 Thu, 05 Apr 2018 08:24:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358083 The court found that the notice issued under Section 148 of the Act to reopen the assessment for the Assessment Year 2010-11 was not sustainable. The reasons for the notice did not specifically identify any undisclosed material facts, and the petitioner had fully disclosed all relevant information, including foreign exchange gains, during the regular assessment proceedings. As a result, the court granted an interim stay, indicating that the impugned notice was prima facie without jurisdiction. Case-Laws Income Tax Mon, 26 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358083