https://www.taxtmi.com/caselaws?id=14053 The High Court of CALCUTTA ruled in favor of the appellant, setting aside the impugned judgment and quashing the notice dated March 28, 1995, issued by the Income-tax Officer for reopening assessments. The court emphasized the necessity for the Income-tax Officer to have valid reasons to believe that income had escaped assessment due to the assessee's failure to disclose material facts, as per legal precedents and the facts of the case. en-us Thu, 24 Aug 2000 00:00:00 +0530 Tue, 07 Jul 2009 18:45:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14053 The High Court of CALCUTTA ruled in favor of the appellant, setting aside the impugned judgment and quashing the notice dated March 28, 1995, issued by the Income-tax Officer for reopening assessments. The court emphasized the necessity for the Income-tax Officer to have valid reasons to believe that income had escaped assessment due to the assessee's failure to disclose material facts, as per legal precedents and the facts of the case. Case-Laws Income Tax Thu, 24 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14053