https://www.taxtmi.com/caselaws?id=415550 The court set aside the notice dated 30th March, 2004, issued under Section 148 of the Income Tax Act, 1961 for reopening assessment proceedings for the Assessment Year 1997-98. The court found that the notice was invalid as it was issued after the four-year period without disclosing any material fact not previously disclosed by the petitioner. The court also ruled that the deductions claimed had already been disallowed in a previous assessment order, invoking the statutory bar under Section 158BA (2). Consequently, the court made the rule absolute, disposing of the petition with no order as to costs. en-us Thu, 02 Dec 2021 00:00:00 +0530 Wed, 08 Dec 2021 08:57:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415550 The court set aside the notice dated 30th March, 2004, issued under Section 148 of the Income Tax Act, 1961 for reopening assessment proceedings for the Assessment Year 1997-98. The court found that the notice was invalid as it was issued after the four-year period without disclosing any material fact not previously disclosed by the petitioner. The court also ruled that the deductions claimed had already been disallowed in a previous assessment order, invoking the statutory bar under Section 158BA (2). Consequently, the court made the rule absolute, disposing of the petition with no order as to costs. Case-Laws Income Tax Thu, 02 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415550