https://www.taxtmi.com/caselaws?id=394059 The court found that the notice issued under section 148 of the Income Tax Act, 1961 to reopen the assessment was invalid as there was no failure on the petitioner's part to disclose all material facts. The court ruled that the reasons recorded for reopening did not establish that income had escaped assessment, leading to the quashing of the notice and all related proceedings. The petition was allowed, and no costs were awarded. en-us Thu, 26 Mar 2020 00:00:00 +0530 Wed, 19 Aug 2020 13:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394059 The court found that the notice issued under section 148 of the Income Tax Act, 1961 to reopen the assessment was invalid as there was no failure on the petitioner's part to disclose all material facts. The court ruled that the reasons recorded for reopening did not establish that income had escaped assessment, leading to the quashing of the notice and all related proceedings. The petition was allowed, and no costs were awarded. Case-Laws Income Tax Thu, 26 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394059