https://www.taxtmi.com/caselaws?id=247007 The court held that the reopening of the petitioner's assessment under section 148 of the Income Tax Act was without jurisdiction as there was no fresh tangible material implicating the petitioner after the original assessment. Additionally, the court ruled that the petitioner could not be treated as an "assessee in default" under section 201(1) and no interest was chargeable under section 201(1A) since no income accrued to SEC from sales made by the petitioner. Consequently, both notices under section 148 and section 201(1)/(1A) were deemed invalid, and the writ petitions were allowed with no costs awarded. en-us Fri, 25 Apr 2014 00:00:00 +0530 Sat, 21 Feb 2015 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247007 The court held that the reopening of the petitioner's assessment under section 148 of the Income Tax Act was without jurisdiction as there was no fresh tangible material implicating the petitioner after the original assessment. Additionally, the court ruled that the petitioner could not be treated as an "assessee in default" under section 201(1) and no interest was chargeable under section 201(1A) since no income accrued to SEC from sales made by the petitioner. Consequently, both notices under section 148 and section 201(1)/(1A) were deemed invalid, and the writ petitions were allowed with no costs awarded. Case-Laws Income Tax Fri, 25 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247007