https://www.taxtmi.com/caselaws?id=414757 The HC quashed the notice issued under Section 148 of the Income Tax Act, determining it was without jurisdiction. The Court found the petitioner had fully disclosed all material facts, and the Assessing Officer lacked valid reasons to believe income had escaped assessment. Thus, reopening the assessment after four years was unjustified. en-us Fri, 29 Oct 2021 00:00:00 +0530 Thu, 29 Aug 2024 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414757 The HC quashed the notice issued under Section 148 of the Income Tax Act, determining it was without jurisdiction. The Court found the petitioner had fully disclosed all material facts, and the Assessing Officer lacked valid reasons to believe income had escaped assessment. Thus, reopening the assessment after four years was unjustified. Case-Laws Income Tax Fri, 29 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414757