Full & true disclosure of all material facts: Section 148 Reopening quashed

Dalmia Cement (Bharat) Limited Vs (ACIT) (Madras High Court) Madras High Court held that reopening of assessment under section 148 of the Income Tax Act not sustainable since assessee has fully and truly disclosed all the material facts. Accordingly, order along with notices are liable to be set aside. Facts- The present writ petition is filed under Article 226 of the Constitution of India praying to quash impugned notices issued under Section 148 of the Income Tax Act. The petitioner contested that he has submitted all the necessary details in Form-2 with all other attachments including the r...