https://www.taxtmi.com/caselaws?id=244257 The High Court quashes the reassessment notice and related proceedings, ruling in favor of the petitioner, an investment and security business company. The court finds that the attempt to reopen the assessment based on stale material and lack of clarity on the availability of the investigation report during the original assessment is beyond the assessing officer's jurisdiction. The court determines that the reasons for reassessment do not mention the absence of the report during the original assessment, deeming the reassessment notice and subsequent proceedings illegal. en-us Fri, 14 Feb 2014 00:00:00 +0530 Wed, 20 Aug 2014 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244257 The High Court quashes the reassessment notice and related proceedings, ruling in favor of the petitioner, an investment and security business company. The court finds that the attempt to reopen the assessment based on stale material and lack of clarity on the availability of the investigation report during the original assessment is beyond the assessing officer's jurisdiction. The court determines that the reasons for reassessment do not mention the absence of the report during the original assessment, deeming the reassessment notice and subsequent proceedings illegal. Case-Laws Income Tax Fri, 14 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244257