https://www.taxtmi.com/caselaws?id=76902 The High Court of Bombay allowed the petition and set aside the notice issued under Section 148 for reopening the assessment for the Assessment Year 2004-05. The Court found that the reasons for reopening lacked tangible material and that the Assessing Officer had acted beyond the scope of jurisdiction. The Court also clarified the interpretation of the provisions of Section 115JB in the context of the assessment year. en-us Mon, 21 Jun 2010 00:00:00 +0530 Sat, 22 Dec 2012 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76902 The High Court of Bombay allowed the petition and set aside the notice issued under Section 148 for reopening the assessment for the Assessment Year 2004-05. The Court found that the reasons for reopening lacked tangible material and that the Assessing Officer had acted beyond the scope of jurisdiction. The Court also clarified the interpretation of the provisions of Section 115JB in the context of the assessment year. Case-Laws Income Tax Mon, 21 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76902