https://www.taxtmi.com/caselaws?id=309613 The court quashed the notice issued under Section 148 of the Income Tax Act, 1961 for A.Y. 2012-13, as it was beyond the prescribed time limit and lacked justification due to no failure in disclosing material facts. The re-opening of assessment based on existing records without new undisclosed facts was deemed impermissible. The court emphasized the importance of fully disclosing primary facts for assessment and ruled that reassessment without new facts post-queries addressed during assessment is unwarranted. The petition was allowed without costs. en-us Wed, 19 Jan 2022 00:00:00 +0530 Wed, 13 Sep 2023 14:00:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309613 The court quashed the notice issued under Section 148 of the Income Tax Act, 1961 for A.Y. 2012-13, as it was beyond the prescribed time limit and lacked justification due to no failure in disclosing material facts. The re-opening of assessment based on existing records without new undisclosed facts was deemed impermissible. The court emphasized the importance of fully disclosing primary facts for assessment and ruled that reassessment without new facts post-queries addressed during assessment is unwarranted. The petition was allowed without costs. Case-Laws Income Tax Wed, 19 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309613