https://www.taxtmi.com/caselaws?id=386905 The appeal challenged the validity of an assessment order under sections 143(3) and 147 of the Income-tax Act, 1961, regarding the reopening of the assessment beyond the statutory four-year period. The court held that the notice under section 148 was without jurisdiction as it did not establish the assessee's failure to disclose material facts, as required by law. Relying on legal precedents, the court quashed the assessment order, emphasizing the necessity of fulfilling conditions precedent for initiating proceedings under section 147. The decision highlighted the importance of the assessee's role in disclosing material facts for the Assessing Officer to have jurisdiction beyond the prescribed period. en-us Tue, 17 Sep 2019 00:00:00 +0530 Fri, 11 Oct 2019 13:04:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386905 The appeal challenged the validity of an assessment order under sections 143(3) and 147 of the Income-tax Act, 1961, regarding the reopening of the assessment beyond the statutory four-year period. The court held that the notice under section 148 was without jurisdiction as it did not establish the assessee's failure to disclose material facts, as required by law. Relying on legal precedents, the court quashed the assessment order, emphasizing the necessity of fulfilling conditions precedent for initiating proceedings under section 147. The decision highlighted the importance of the assessee's role in disclosing material facts for the Assessing Officer to have jurisdiction beyond the prescribed period. Case-Laws Income Tax Tue, 17 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386905