https://www.taxtmi.com/caselaws?id=442875 The Court quashed a notice issued under Section 148 of the Income Tax Act for Assessment Year 2011-12, ruling in favor of the petitioner. It was held that there was no failure to disclose material particulars, and income did not escape assessment. The reassessment was deemed unjustified as it was based on audit objections without new tangible material. The Court set aside the notice for reassessment, making the rule absolute in favor of the petitioner. en-us Mon, 04 Sep 2023 00:00:00 +0530 Thu, 19 Feb 2026 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442875 The Court quashed a notice issued under Section 148 of the Income Tax Act for Assessment Year 2011-12, ruling in favor of the petitioner. It was held that there was no failure to disclose material particulars, and income did not escape assessment. The reassessment was deemed unjustified as it was based on audit objections without new tangible material. The Court set aside the notice for reassessment, making the rule absolute in favor of the petitioner. Case-Laws Income Tax Mon, 04 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442875