https://www.taxtmi.com/caselaws?id=13282 The court quashed and set aside the notice issued under section 148 of the Income-tax Act, 1961, for reopening the assessment. The court found no valid reasons to believe that income had escaped assessment, emphasizing that the reasons for reopening were based on facts already on record and that the assessee had fully disclosed all material facts. As a result, the court ruled in favor of the petitioner, setting aside the notice and disposing of the writ petition without costs. en-us Sat, 08 Dec 2007 00:00:00 +0530 Thu, 18 Dec 2014 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13282 The court quashed and set aside the notice issued under section 148 of the Income-tax Act, 1961, for reopening the assessment. The court found no valid reasons to believe that income had escaped assessment, emphasizing that the reasons for reopening were based on facts already on record and that the assessee had fully disclosed all material facts. As a result, the court ruled in favor of the petitioner, setting aside the notice and disposing of the writ petition without costs. Case-Laws Income Tax Sat, 08 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13282