https://www.taxtmi.com/caselaws?id=375887 The Court ruled in favor of the petitioner, quashing the re-assessment notice and related proceedings. It emphasized the importance of fulfilling disclosure duties and requiring concrete 'new material' to justify reassessment under the Income Tax Act, 1961. The Court found that the vague internet searches and information did not constitute material withheld during the original assessment, highlighting the necessity for thorough inquiries before reassessment. en-us Thu, 14 Feb 2019 00:00:00 +0530 Wed, 22 May 2019 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375887 The Court ruled in favor of the petitioner, quashing the re-assessment notice and related proceedings. It emphasized the importance of fulfilling disclosure duties and requiring concrete 'new material' to justify reassessment under the Income Tax Act, 1961. The Court found that the vague internet searches and information did not constitute material withheld during the original assessment, highlighting the necessity for thorough inquiries before reassessment. Case-Laws Income Tax Thu, 14 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375887