https://www.taxtmi.com/caselaws?id=444183 The HC quashed the impugned notice dated 21st March 2013 issued under Section 148 of the Income Tax Act for AY 2006-07. The court ruled in favor of the petitioner, finding no failure in making full and true disclosure of material facts. The notice was deemed issued without proper application of mind, as the AO already possessed necessary details, including shareholding information. The court determined that the AO's failure to verify the applicability of Section 2(22)(e) on deemed dividends was not due to any omission by the petitioner, leading to the setting aside of the notice. en-us Fri, 06 Oct 2023 00:00:00 +0530 Mon, 06 May 2024 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444183 The HC quashed the impugned notice dated 21st March 2013 issued under Section 148 of the Income Tax Act for AY 2006-07. The court ruled in favor of the petitioner, finding no failure in making full and true disclosure of material facts. The notice was deemed issued without proper application of mind, as the AO already possessed necessary details, including shareholding information. The court determined that the AO's failure to verify the applicability of Section 2(22)(e) on deemed dividends was not due to any omission by the petitioner, leading to the setting aside of the notice. Case-Laws Income Tax Fri, 06 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444183