https://www.taxtmi.com/caselaws?id=31513 The court ruled in favor of the petitioner, an association of persons engaged in building and development, in a challenge against a Notice issued under section 148 of the Income Tax Act. The court found that the Notice seeking to reopen the completed assessment for Assessment Year 1983-84 was not valid as there was no evidence of the petitioner failing to disclose material particulars fully. The court emphasized that for reopening assessments beyond four years, the revenue must establish that income escaped assessment due to the assessee's failure to fully disclose material particulars. en-us Wed, 27 Feb 2008 00:00:00 +0530 Sat, 15 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31513 The court ruled in favor of the petitioner, an association of persons engaged in building and development, in a challenge against a Notice issued under section 148 of the Income Tax Act. The court found that the Notice seeking to reopen the completed assessment for Assessment Year 1983-84 was not valid as there was no evidence of the petitioner failing to disclose material particulars fully. The court emphasized that for reopening assessments beyond four years, the revenue must establish that income escaped assessment due to the assessee's failure to fully disclose material particulars. Case-Laws Income Tax Wed, 27 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31513