https://www.taxtmi.com/caselaws?id=292397 The court ruled in favor of the petitioner, emphasizing that the assessing officer's power to reopen assessments under Section 148 is limited by the requirement of full and true disclosure of material facts. The court held that the mere retrospective amendments to the law did not justify reopening assessments if there was no failure on the part of the assessee to disclose necessary information. The respondent was directed to pass appropriate orders within three months, with the petitioner granted thirty days to file objections. The writ petition was disposed of accordingly. en-us Tue, 18 Feb 2020 00:00:00 +0530 Mon, 21 Dec 2020 20:48:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292397 The court ruled in favor of the petitioner, emphasizing that the assessing officer's power to reopen assessments under Section 148 is limited by the requirement of full and true disclosure of material facts. The court held that the mere retrospective amendments to the law did not justify reopening assessments if there was no failure on the part of the assessee to disclose necessary information. The respondent was directed to pass appropriate orders within three months, with the petitioner granted thirty days to file objections. The writ petition was disposed of accordingly. Case-Laws Income Tax Tue, 18 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292397