https://www.taxtmi.com/caselaws?id=24309 The court held that the conditions precedent for reopening the assessment under section 147(b) of the Income-tax Act were not satisfied as the primary facts had been disclosed by the assessee, even though details regarding accrued interest were not furnished. Consequently, the notice issued under section 148 for reassessment of income for the assessment year 1981-82 was deemed without jurisdiction and was quashed. The petition was allowed, and both parties were directed to bear their own costs, with any security amount to be refunded to the petitioner. en-us Thu, 23 Feb 1989 00:00:00 +0530 Tue, 19 Jan 2010 11:30:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24309 The court held that the conditions precedent for reopening the assessment under section 147(b) of the Income-tax Act were not satisfied as the primary facts had been disclosed by the assessee, even though details regarding accrued interest were not furnished. Consequently, the notice issued under section 148 for reassessment of income for the assessment year 1981-82 was deemed without jurisdiction and was quashed. The petition was allowed, and both parties were directed to bear their own costs, with any security amount to be refunded to the petitioner. Case-Laws Income Tax Thu, 23 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24309