https://www.taxtmi.com/caselaws?id=285469 The High Court upheld the Tribunal's decision that a notice issued under section 148 for reopening assessment was invalid as there was no evidence of the assessee's failure to disclose material facts resulting in escaped assessment. The Assessing Officer's reasons for issuing the notice did not demonstrate any lack of disclosure by the assessee, leading the court to dismiss the tax appeal and affirm the Tribunal's ruling. The case emphasizes the necessity of meeting statutory requirements and providing evidence of non-disclosure before initiating reassessment proceedings beyond the prescribed period. en-us Fri, 11 Jan 2019 00:00:00 +0530 Mon, 13 Jan 2020 20:30:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285469 The High Court upheld the Tribunal's decision that a notice issued under section 148 for reopening assessment was invalid as there was no evidence of the assessee's failure to disclose material facts resulting in escaped assessment. The Assessing Officer's reasons for issuing the notice did not demonstrate any lack of disclosure by the assessee, leading the court to dismiss the tax appeal and affirm the Tribunal's ruling. The case emphasizes the necessity of meeting statutory requirements and providing evidence of non-disclosure before initiating reassessment proceedings beyond the prescribed period. Case-Laws Income Tax Fri, 11 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285469