https://www.taxtmi.com/caselaws?id=392551 The court held that the notice issued under Section 148 of the Income Tax Act was invalid as the Assessing Officer lacked jurisdiction to reopen the assessment based on alleged failures to disclose material facts. The court found that the petitioner had made full and true disclosures during the original assessment, rendering the notice and subsequent order invalid. The court emphasized the importance of full disclosure and the limitation period for reassessment, ultimately ruling in favor of the petitioner and quashing the notice and order. en-us Tue, 18 Feb 2020 00:00:00 +0530 Fri, 09 Oct 2020 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392551 The court held that the notice issued under Section 148 of the Income Tax Act was invalid as the Assessing Officer lacked jurisdiction to reopen the assessment based on alleged failures to disclose material facts. The court found that the petitioner had made full and true disclosures during the original assessment, rendering the notice and subsequent order invalid. The court emphasized the importance of full disclosure and the limitation period for reassessment, ultimately ruling in favor of the petitioner and quashing the notice and order. Case-Laws Income Tax Tue, 18 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392551