https://www.taxtmi.com/caselaws?id=373789 The court quashed the notice seeking to reopen the assessment for the assessment year 2011-12 under section 148 of the Income Tax Act, 1961. The court found that the notice was issued beyond the permissible period and lacked legal authority as there was no failure on the petitioner's part to disclose material facts necessary for assessment. The court concluded that the reasons recorded for reopening the assessment did not support the assumption of jurisdiction by the Assessing Officer, ultimately ruling in favor of the petitioner. en-us Tue, 11 Dec 2018 00:00:00 +0530 Sat, 19 Jan 2019 07:57:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373789 The court quashed the notice seeking to reopen the assessment for the assessment year 2011-12 under section 148 of the Income Tax Act, 1961. The court found that the notice was issued beyond the permissible period and lacked legal authority as there was no failure on the petitioner's part to disclose material facts necessary for assessment. The court concluded that the reasons recorded for reopening the assessment did not support the assumption of jurisdiction by the Assessing Officer, ultimately ruling in favor of the petitioner. Case-Laws Income Tax Tue, 11 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373789