https://www.taxtmi.com/caselaws?id=396261 The court allowed the writ petition, setting aside the notice issued under Section 148 of the Income Tax Act and the order rejecting objections to reopening the assessment. The court found the notice was issued within the limitation period but lacked sufficient reasons for reopening the assessment. It concluded that the petitioner had fully disclosed material facts, and the Assessing Officer lacked jurisdiction to reopen the assessment. The court held that the reasons provided were inadequate and lacked a direct link to the belief that income had escaped assessment, ultimately ruling in favor of the petitioner. en-us Wed, 11 Mar 2020 00:00:00 +0530 Wed, 27 May 2026 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396261 The court allowed the writ petition, setting aside the notice issued under Section 148 of the Income Tax Act and the order rejecting objections to reopening the assessment. The court found the notice was issued within the limitation period but lacked sufficient reasons for reopening the assessment. It concluded that the petitioner had fully disclosed material facts, and the Assessing Officer lacked jurisdiction to reopen the assessment. The court held that the reasons provided were inadequate and lacked a direct link to the belief that income had escaped assessment, ultimately ruling in favor of the petitioner. Case-Laws Income Tax Wed, 11 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396261