https://www.taxtmi.com/caselaws?id=243422 The High Court quashed the reassessment notice as the reasons to believe did not adequately address the issues identified by the Commissioner (Appeals). The court clarified that it did not assess the genuineness of the transaction or the merits of the original assessment order, the order by the Commissioner (Appeals), or the contentions of the Revenue before the Tribunal. The court also noted the issuance of a notice under section 263 of the Act by the Commissioner of Income-tax but did not examine its validity. The writ petition was disposed of with no orders as to costs. en-us Tue, 29 Oct 2013 00:00:00 +0530 Sat, 21 Feb 2015 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243422 The High Court quashed the reassessment notice as the reasons to believe did not adequately address the issues identified by the Commissioner (Appeals). The court clarified that it did not assess the genuineness of the transaction or the merits of the original assessment order, the order by the Commissioner (Appeals), or the contentions of the Revenue before the Tribunal. The court also noted the issuance of a notice under section 263 of the Act by the Commissioner of Income-tax but did not examine its validity. The writ petition was disposed of with no orders as to costs. Case-Laws Income Tax Tue, 29 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243422