https://www.taxtmi.com/caselaws?id=405017 The HC quashed the impugned notices issued under Section 148 of the Income Tax Act, 1961, for assessment years 2011-12, 2012-13, and 2013-14, finding no failure by the assessee to fully disclose material facts. The court upheld the principle of consistency, ruling that mere clauses in the partnership deed do not mandate payment of interest or remuneration. Consequently, all subsequent proceedings were terminated, and the writ applications were allowed. en-us Tue, 09 Feb 2021 00:00:00 +0530 Tue, 29 Oct 2024 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405017 The HC quashed the impugned notices issued under Section 148 of the Income Tax Act, 1961, for assessment years 2011-12, 2012-13, and 2013-14, finding no failure by the assessee to fully disclose material facts. The court upheld the principle of consistency, ruling that mere clauses in the partnership deed do not mandate payment of interest or remuneration. Consequently, all subsequent proceedings were terminated, and the writ applications were allowed. Case-Laws Income Tax Tue, 09 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405017