https://www.taxtmi.com/caselaws?id=19648 The Court ruled in favor of the petitioner, quashing the notices issued under section 148 of the Income-tax Act, 1961 for the assessment years 1977-78 and 1978-79. The Court found no suppression of primary material facts by the petitioner and deemed the Inspecting Assistant Commissioner's decision to reopen the case unjustified. Emphasizing the importance of disclosing primary facts and maintaining consistent accounting practices, the Court restrained further steps based on the notices, ultimately siding with the petitioner in this case. en-us Mon, 01 Nov 1993 00:00:00 +0530 Sat, 07 Nov 2009 16:24:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19648 The Court ruled in favor of the petitioner, quashing the notices issued under section 148 of the Income-tax Act, 1961 for the assessment years 1977-78 and 1978-79. The Court found no suppression of primary material facts by the petitioner and deemed the Inspecting Assistant Commissioner's decision to reopen the case unjustified. Emphasizing the importance of disclosing primary facts and maintaining consistent accounting practices, the Court restrained further steps based on the notices, ultimately siding with the petitioner in this case. Case-Laws Income Tax Mon, 01 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19648