https://www.taxtmi.com/caselaws?id=285191 The court ruled in favor of the petitioner, a private limited company, in a case concerning the jurisdiction of the Assessing Officer (AO) under section 147 of the Income Tax Act. The AO sought to reopen the assessment for the assessment year 1995-96 beyond the four-year limit based on excess deduction claimed under section 80M. The court found that the AO failed to demonstrate the petitioner's failure to disclose material facts, making the reopening invalid. As there was no failure on the petitioner's part to disclose material facts, the court quashed and set aside the notice seeking to reopen the assessment. en-us Mon, 25 Jun 2012 00:00:00 +0530 Wed, 01 Jan 2020 15:09:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285191 The court ruled in favor of the petitioner, a private limited company, in a case concerning the jurisdiction of the Assessing Officer (AO) under section 147 of the Income Tax Act. The AO sought to reopen the assessment for the assessment year 1995-96 beyond the four-year limit based on excess deduction claimed under section 80M. The court found that the AO failed to demonstrate the petitioner's failure to disclose material facts, making the reopening invalid. As there was no failure on the petitioner's part to disclose material facts, the court quashed and set aside the notice seeking to reopen the assessment. Case-Laws Income Tax Mon, 25 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285191