https://www.taxtmi.com/caselaws?id=15461 The court held that the notice for reassessment issued to a trust for transferring funds without proper permissions was beyond the limitation period as the primary facts were disclosed during the initial assessment. Since the Assessing Officer failed to draw legal inferences at that time, the notice issued in 1991 was impermissible. Consequently, the court quashed the notice, ruling in favor of the petitioner trust without costs awarded. en-us Thu, 08 Apr 1999 00:00:00 +0530 Thu, 06 Aug 2009 17:04:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15461 The court held that the notice for reassessment issued to a trust for transferring funds without proper permissions was beyond the limitation period as the primary facts were disclosed during the initial assessment. Since the Assessing Officer failed to draw legal inferences at that time, the notice issued in 1991 was impermissible. Consequently, the court quashed the notice, ruling in favor of the petitioner trust without costs awarded. Case-Laws Income Tax Thu, 08 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15461