https://www.taxtmi.com/caselaws?id=256862 The High Court of Gujarat quashed a reassessment order under Section 147 of the Income Tax Act. The court held that the notice for reopening the assessment after the four-year period was impermissible as all relevant facts were disclosed during the earlier assessment. Additionally, the failure to consider objections before reassessment rendered the action and subsequent reassessment order liable to be quashed. The court emphasized the importance of complying with procedural requirements and proper consideration of objections before proceeding with reassessment. en-us Wed, 21 Jan 2015 00:00:00 +0530 Fri, 14 Aug 2015 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256862 The High Court of Gujarat quashed a reassessment order under Section 147 of the Income Tax Act. The court held that the notice for reopening the assessment after the four-year period was impermissible as all relevant facts were disclosed during the earlier assessment. Additionally, the failure to consider objections before reassessment rendered the action and subsequent reassessment order liable to be quashed. The court emphasized the importance of complying with procedural requirements and proper consideration of objections before proceeding with reassessment. Case-Laws Income Tax Wed, 21 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256862