https://www.taxtmi.com/caselaws?id=437474 The High Court quashed the notice under section 148 of the Income-tax Act, 1961 for reopening the assessment for AY 2008-09. The court found that all material facts were fully disclosed during the original assessment, and there was no fresh material or failure to disclose information. Emphasizing the need for a rational connection between reasons and belief, the court ruled that the assessing officer exceeded jurisdiction by relying on disputed reasons without tangible evidence. The petitioner succeeded in challenging the notice and order, leading to a favorable outcome in the proceeding. en-us Thu, 04 May 2023 00:00:00 +0530 Mon, 26 Jun 2023 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437474 The High Court quashed the notice under section 148 of the Income-tax Act, 1961 for reopening the assessment for AY 2008-09. The court found that all material facts were fully disclosed during the original assessment, and there was no fresh material or failure to disclose information. Emphasizing the need for a rational connection between reasons and belief, the court ruled that the assessing officer exceeded jurisdiction by relying on disputed reasons without tangible evidence. The petitioner succeeded in challenging the notice and order, leading to a favorable outcome in the proceeding. Case-Laws Income Tax Thu, 04 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437474