https://www.taxtmi.com/caselaws?id=431188 The court quashed and set aside the impugned notice and reassessment proceedings for AY 2012-13, declaring them as wholly without jurisdiction, illegal, and arbitrary. The Petitioner's challenge to the reopening of the assessment was successful as the reasons provided did not allege any failure to disclose material facts, a crucial jurisdictional parameter for reopening assessments after four years. The court emphasized the necessity of clear and unambiguous reasons for reopening assessments and noted that the Petitioner had fully disclosed all material facts during the original assessment. en-us Tue, 06 Dec 2022 00:00:00 +0530 Wed, 07 Dec 2022 11:41:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431188 The court quashed and set aside the impugned notice and reassessment proceedings for AY 2012-13, declaring them as wholly without jurisdiction, illegal, and arbitrary. The Petitioner's challenge to the reopening of the assessment was successful as the reasons provided did not allege any failure to disclose material facts, a crucial jurisdictional parameter for reopening assessments after four years. The court emphasized the necessity of clear and unambiguous reasons for reopening assessments and noted that the Petitioner had fully disclosed all material facts during the original assessment. Case-Laws Income Tax Tue, 06 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431188