https://www.taxtmi.com/caselaws?id=389060 The Court granted an ad-interim stay of the notice issued under Section 148 of the Income Tax Act, 1961 for re-opening Assessment Year 2012-13. The petitioner successfully argued that there was no failure to disclose material facts during the regular Assessment Proceedings. The Court found that the reasons for re-opening the assessment were based on submissions already made and decisions taken during the regular proceedings, rendering the notice beyond jurisdiction. The matter was adjourned to allow the Revenue to provide further instructions and file an affidavit in reply if needed. en-us Mon, 25 Nov 2019 00:00:00 +0530 Fri, 29 Nov 2019 11:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389060 The Court granted an ad-interim stay of the notice issued under Section 148 of the Income Tax Act, 1961 for re-opening Assessment Year 2012-13. The petitioner successfully argued that there was no failure to disclose material facts during the regular Assessment Proceedings. The Court found that the reasons for re-opening the assessment were based on submissions already made and decisions taken during the regular proceedings, rendering the notice beyond jurisdiction. The matter was adjourned to allow the Revenue to provide further instructions and file an affidavit in reply if needed. Case-Laws Income Tax Mon, 25 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389060