https://www.taxtmi.com/caselaws?id=416324 The Court allowed the petition, quashing the notice to reopen the assessment for the year 2012-2013 under Section 148 of the Income Tax Act. It was held that there was no failure on the petitioner's part to disclose material facts, rendering the notice void of proper jurisdiction. The Court emphasized the necessity of a clear indication of such failure in the reasons provided for reopening assessments, stating that without it, assuming jurisdiction under Sections 147 and 148 would exceed legal restraints. The decision was limited to the jurisdictional aspect, not addressing the case's merits. en-us Mon, 20 Dec 2021 00:00:00 +0530 Sat, 25 Dec 2021 08:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416324 The Court allowed the petition, quashing the notice to reopen the assessment for the year 2012-2013 under Section 148 of the Income Tax Act. It was held that there was no failure on the petitioner's part to disclose material facts, rendering the notice void of proper jurisdiction. The Court emphasized the necessity of a clear indication of such failure in the reasons provided for reopening assessments, stating that without it, assuming jurisdiction under Sections 147 and 148 would exceed legal restraints. The decision was limited to the jurisdictional aspect, not addressing the case's merits. Case-Laws Income Tax Mon, 20 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416324