https://www.taxtmi.com/caselaws?id=280234 The Court quashed the impugned Notice issued under Section 148 of the Income-tax Act, 1961 for reopening the assessment for Assessment Year 2009-2010 beyond the four-year period. The Court held that there was no failure in disclosure of material facts by the petitioner during the original assessment, as all relevant details were disclosed, and no disallowances were made under Section 14A of the Act. Therefore, the reopening was deemed unjustified, lacking jurisdiction. Consequently, the impugned notice and the reassessment for A.Y 2009-2010 were set aside in favor of the petitioner. en-us Thu, 12 Jan 2017 00:00:00 +0530 Fri, 26 Apr 2019 08:11:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280234 The Court quashed the impugned Notice issued under Section 148 of the Income-tax Act, 1961 for reopening the assessment for Assessment Year 2009-2010 beyond the four-year period. The Court held that there was no failure in disclosure of material facts by the petitioner during the original assessment, as all relevant details were disclosed, and no disallowances were made under Section 14A of the Act. Therefore, the reopening was deemed unjustified, lacking jurisdiction. Consequently, the impugned notice and the reassessment for A.Y 2009-2010 were set aside in favor of the petitioner. Case-Laws Income Tax Thu, 12 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280234