https://www.taxtmi.com/caselaws?id=420973 The court quashed the notice to reopen the assessment for the assessment year 2007-08 under Section 147 of the Income Tax Act. It ruled in favor of the petitioner, finding the reasons provided for reopening did not establish any failure to disclose material facts, as required by law. The court emphasized that the assessing authority must have clear evidence of non-disclosure before reopening assessments, which was lacking in this case. en-us Thu, 07 Apr 2022 00:00:00 +0530 Thu, 14 Apr 2022 08:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420973 The court quashed the notice to reopen the assessment for the assessment year 2007-08 under Section 147 of the Income Tax Act. It ruled in favor of the petitioner, finding the reasons provided for reopening did not establish any failure to disclose material facts, as required by law. The court emphasized that the assessing authority must have clear evidence of non-disclosure before reopening assessments, which was lacking in this case. Case-Laws Income Tax Thu, 07 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420973