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2004 (1) TMI 32 - BOMBAY HIGH COURTReassessment notice – jurisdiction - while recording the reasons the figures of refundable deposits and non-refundable deposits were taken by the Assessing Officer from the returns filed by the assessee - It is thus clear that so far as these figures are concerned, they were disclosed in the returns. Apart from this, the returns were also accompanied by the balance-sheets wherein these figures were disclosed - No failure on the part of the petitioner to fully disclose the material facts is established by the Revenue - Hold that the impugned notices are without jurisdiction and, therefore, the same are liable to be quashed and set aside
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