https://www.taxtmi.com/caselaws?id=235318 The Court held that the notice for reopening the assessment under section 148 of the Income Tax Act for the assessment year 2005-06 was invalid. The Court found that the reasons for reopening, based on the subsequent year's assessment order, lacked a rational connection to the available material as the Commissioner (Appeals) decision had nullified the basis for reopening. Consequently, the Court quashed the notice and all proceedings, ruling that the lack of a bona fide belief of income escapement rendered the reopening jurisdictionally unsustainable. en-us Tue, 25 Jan 2011 00:00:00 +0530 Thu, 04 Jul 2013 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235318 The Court held that the notice for reopening the assessment under section 148 of the Income Tax Act for the assessment year 2005-06 was invalid. The Court found that the reasons for reopening, based on the subsequent year's assessment order, lacked a rational connection to the available material as the Commissioner (Appeals) decision had nullified the basis for reopening. Consequently, the Court quashed the notice and all proceedings, ruling that the lack of a bona fide belief of income escapement rendered the reopening jurisdictionally unsustainable. Case-Laws Income Tax Tue, 25 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235318