https://www.taxtmi.com/caselaws?id=280442 The Court quashed the notice issued under Section 148 of the Income Tax Act as it was found to be based on a mere change of opinion without fresh tangible material. The Court emphasized the requirement of the Assessee's failure to fully disclose all material facts necessary for assessment before reopening an assessment after four years. The Court also ruled in favor of the Assessee regarding the allowability of deduction under Section 10A and provision for doubtful debts, finding that there was no failure in disclosure. The writ petition was allowed with no costs awarded. en-us Thu, 20 Jul 2017 00:00:00 +0530 Sun, 05 May 2019 08:43:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280442 The Court quashed the notice issued under Section 148 of the Income Tax Act as it was found to be based on a mere change of opinion without fresh tangible material. The Court emphasized the requirement of the Assessee's failure to fully disclose all material facts necessary for assessment before reopening an assessment after four years. The Court also ruled in favor of the Assessee regarding the allowability of deduction under Section 10A and provision for doubtful debts, finding that there was no failure in disclosure. The writ petition was allowed with no costs awarded. Case-Laws Income Tax Thu, 20 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280442