https://www.taxtmi.com/caselaws?id=376568 The High Court set aside the notice of reopening of assessment for Assessment Year 2011-12 issued to a Limited Liability Partnership. The court found that the notice was issued beyond the permissible time limit and that there was no failure on the part of the petitioner to disclose material facts. Additionally, as the issue of interest payment had already been addressed during the original assessment without new material, the court concluded that reopening the assessment on the same grounds was impermissible. Consequently, the court ruled in favor of the petitioner, allowing the petition and disposing of the matter accordingly. en-us Thu, 07 Mar 2019 00:00:00 +0530 Tue, 12 Mar 2019 08:16:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376568 The High Court set aside the notice of reopening of assessment for Assessment Year 2011-12 issued to a Limited Liability Partnership. The court found that the notice was issued beyond the permissible time limit and that there was no failure on the part of the petitioner to disclose material facts. Additionally, as the issue of interest payment had already been addressed during the original assessment without new material, the court concluded that reopening the assessment on the same grounds was impermissible. Consequently, the court ruled in favor of the petitioner, allowing the petition and disposing of the matter accordingly. Case-Laws Income Tax Thu, 07 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376568