https://www.taxtmi.com/caselaws?id=32736 The court ruled in favor of the petitioner in a challenge to a notice issued under section 148 of the Income Tax Act for Assessment Year 1992-93. The court found that the Revenue failed to establish jurisdictional facts for the notice, as the petitioner had not omitted material facts necessary for assessment. The notice, based on an undisclosed insurance claim amount, was invalidated due to the absence of petitioner's failure to disclose relevant information within the prescribed period. The court quashed the notice and sided with the petitioner, with no costs imposed. en-us Wed, 02 Jul 2008 00:00:00 +0530 Wed, 25 Mar 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32736 The court ruled in favor of the petitioner in a challenge to a notice issued under section 148 of the Income Tax Act for Assessment Year 1992-93. The court found that the Revenue failed to establish jurisdictional facts for the notice, as the petitioner had not omitted material facts necessary for assessment. The notice, based on an undisclosed insurance claim amount, was invalidated due to the absence of petitioner's failure to disclose relevant information within the prescribed period. The court quashed the notice and sided with the petitioner, with no costs imposed. Case-Laws Income Tax Wed, 02 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32736