https://www.taxtmi.com/caselaws?id=19526 The court ruled in favor of the petitioner, quashing the notices issued for reopening assessments for the years 1978-79 and 1979-80 under section 147(b) of the Income-tax Act, 1961. The court found that the reasons provided for reopening the assessments lacked substance, especially considering the findings of the Income-tax Appellate Tribunal in related appeals. The court emphasized that there was no suppression or concealment by the assessee, as all facts were disclosed, and the assessment order was passed without detailed investigation. Consequently, the court directed the respondents not to proceed further based on the unfounded notices. en-us Thu, 14 Jul 1994 00:00:00 +0530 Fri, 06 Nov 2009 17:00:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19526 The court ruled in favor of the petitioner, quashing the notices issued for reopening assessments for the years 1978-79 and 1979-80 under section 147(b) of the Income-tax Act, 1961. The court found that the reasons provided for reopening the assessments lacked substance, especially considering the findings of the Income-tax Appellate Tribunal in related appeals. The court emphasized that there was no suppression or concealment by the assessee, as all facts were disclosed, and the assessment order was passed without detailed investigation. Consequently, the court directed the respondents not to proceed further based on the unfounded notices. Case-Laws Income Tax Thu, 14 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19526