https://www.taxtmi.com/caselaws?id=374372 The High Court held that the notice of reopening of assessment issued to a private limited company was invalid as it was beyond the prescribed period and lacked sufficient grounds. The court found that the reasons for reopening did not demonstrate any failure to disclose material facts and noted that the claimed expenses had already been disallowed during the original assessment. Therefore, the court set aside the notice, ruling in favor of the petitioner and disposing of the matter. en-us Thu, 24 Jan 2019 00:00:00 +0530 Thu, 31 Jan 2019 08:25:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374372 The High Court held that the notice of reopening of assessment issued to a private limited company was invalid as it was beyond the prescribed period and lacked sufficient grounds. The court found that the reasons for reopening did not demonstrate any failure to disclose material facts and noted that the claimed expenses had already been disallowed during the original assessment. Therefore, the court set aside the notice, ruling in favor of the petitioner and disposing of the matter. Case-Laws Income Tax Thu, 24 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374372