https://www.taxtmi.com/caselaws?id=13015 The High Court quashed the reassessment proceedings for the years 1988-89 to 1990-91, ruling them illegal and without jurisdiction due to lack of recorded reasons and fresh material. The petitioner-trust was confirmed as a charitable institution entitled to exemption under section 11. The Court found no failure to disclose material facts, invalidating the reassessment. Allegations of mala fide intentions were supported, noting undue haste in assessments. Delay in filing petitions was justified, and the petitioner's actions did not amount to acquiescence. The Court allowed the petitions, setting aside notices and directing tax refunds without imposing costs. en-us Fri, 25 Jan 2002 00:00:00 +0530 Mon, 25 May 2009 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13015 The High Court quashed the reassessment proceedings for the years 1988-89 to 1990-91, ruling them illegal and without jurisdiction due to lack of recorded reasons and fresh material. The petitioner-trust was confirmed as a charitable institution entitled to exemption under section 11. The Court found no failure to disclose material facts, invalidating the reassessment. Allegations of mala fide intentions were supported, noting undue haste in assessments. Delay in filing petitions was justified, and the petitioner's actions did not amount to acquiescence. The Court allowed the petitions, setting aside notices and directing tax refunds without imposing costs. Case-Laws Income Tax Fri, 25 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13015