https://www.taxtmi.com/caselaws?id=376406 The Court quashed the notice challenging the reopening of assessment for Assessment Year 2011-12 under Section 148 of the Income Tax Act. The Court held that the reasons for reopening did not specifically allege any failure to disclose material facts by the Petitioner, rendering the notice jurisdictionally invalid. Emphasizing the importance of clear and unambiguous reasons supported by recorded evidence, the Court ruled in favor of the Petitioner, highlighting the necessity for precise identification of any failure to disclose material facts in such notices under Section 148. en-us Fri, 01 Mar 2019 00:00:00 +0530 Fri, 08 Mar 2019 08:10:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376406 The Court quashed the notice challenging the reopening of assessment for Assessment Year 2011-12 under Section 148 of the Income Tax Act. The Court held that the reasons for reopening did not specifically allege any failure to disclose material facts by the Petitioner, rendering the notice jurisdictionally invalid. Emphasizing the importance of clear and unambiguous reasons supported by recorded evidence, the Court ruled in favor of the Petitioner, highlighting the necessity for precise identification of any failure to disclose material facts in such notices under Section 148. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376406