https://www.taxtmi.com/caselaws?id=381670 The court held that the notice issued by the Assessing Officer under section 148 of the Income Tax Act to reopen the assessment for the year 2011-12 was invalid. The court found that the cash seized had been fully disclosed during scrutiny assessment, and the reasons for reopening were based on incorrect assumptions. As the notice was issued beyond the statutory limit and without proper jurisdiction, the court quashed the notice and all related proceedings, ruling in favor of the petitioner with no costs. en-us Mon, 08 Apr 2019 00:00:00 +0530 Wed, 19 Aug 2020 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381670 The court held that the notice issued by the Assessing Officer under section 148 of the Income Tax Act to reopen the assessment for the year 2011-12 was invalid. The court found that the cash seized had been fully disclosed during scrutiny assessment, and the reasons for reopening were based on incorrect assumptions. As the notice was issued beyond the statutory limit and without proper jurisdiction, the court quashed the notice and all related proceedings, ruling in favor of the petitioner with no costs. Case-Laws Income Tax Mon, 08 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381670