https://www.taxtmi.com/caselaws?id=426953 The Court invalidated the reopening of assessments for assessment years 2011-12 and 2012-13 under Section 148(1) of the Income Tax Act. It held that the revenue authorities failed to establish non-disclosure of material facts by the petitioner, emphasizing the need for clear and unambiguous reasons for reassessment. The Court set aside the notices and orders, ruling in favor of the petitioner due to the absence of allegations regarding inadequate disclosure. en-us Thu, 30 Jun 2022 00:00:00 +0530 Mon, 29 Aug 2022 08:32:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426953 The Court invalidated the reopening of assessments for assessment years 2011-12 and 2012-13 under Section 148(1) of the Income Tax Act. It held that the revenue authorities failed to establish non-disclosure of material facts by the petitioner, emphasizing the need for clear and unambiguous reasons for reassessment. The Court set aside the notices and orders, ruling in favor of the petitioner due to the absence of allegations regarding inadequate disclosure. Case-Laws Income Tax Thu, 30 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426953