https://www.taxtmi.com/caselaws?id=363156 The court ruled in favor of the petitioner, a Cooperative Bank, in a challenge against a notice and order by the Assistant Commissioner of Income Tax for the assessment year 2010-11. The court found that the reassessment sought after four years lacked the necessary jurisdictional basis as the petitioner had disclosed all material facts to the Assessing Officer. The court emphasized the importance of adhering to the jurisdictional requirements under Sections 147 and 148 of the Income Tax Act, ultimately granting the petitioner's plea and ruling the actions of the respondents as without jurisdiction. en-us Mon, 25 Jun 2018 00:00:00 +0530 Mon, 09 Jul 2018 08:25:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363156 The court ruled in favor of the petitioner, a Cooperative Bank, in a challenge against a notice and order by the Assistant Commissioner of Income Tax for the assessment year 2010-11. The court found that the reassessment sought after four years lacked the necessary jurisdictional basis as the petitioner had disclosed all material facts to the Assessing Officer. The court emphasized the importance of adhering to the jurisdictional requirements under Sections 147 and 148 of the Income Tax Act, ultimately granting the petitioner's plea and ruling the actions of the respondents as without jurisdiction. Case-Laws Income Tax Mon, 25 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363156