https://www.taxtmi.com/caselaws?id=434607 The court held that the notice under section 148 of the Income Tax Act, 1961 to reopen the assessment for the assessment year 2014-15 was unsustainable as the petitioner had fully disclosed all primary material facts during the initial assessment. The court emphasized the importance of clear and unambiguous reasons for reopening assessments, citing the case law precedent. Consequently, the court quashed the notice, ruling in favor of the petitioner without costs. en-us Mon, 09 Jan 2023 00:00:00 +0530 Tue, 28 Feb 2023 08:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434607 The court held that the notice under section 148 of the Income Tax Act, 1961 to reopen the assessment for the assessment year 2014-15 was unsustainable as the petitioner had fully disclosed all primary material facts during the initial assessment. The court emphasized the importance of clear and unambiguous reasons for reopening assessments, citing the case law precedent. Consequently, the court quashed the notice, ruling in favor of the petitioner without costs. Case-Laws Income Tax Mon, 09 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434607