https://www.taxtmi.com/caselaws?id=257082 The court partially allowed the petition by quashing the assessment order, demand notice, and show cause notice for penalty. However, the notice seeking to reopen the assessment was not disturbed, allowing for further inquiry during reassessment proceedings. The petitioners were granted the opportunity to present their case, with the court emphasizing that the reasons for the notice would be subject to scrutiny during reassessment. en-us Thu, 12 Feb 2015 00:00:00 +0530 Mon, 02 Mar 2015 07:18:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257082 The court partially allowed the petition by quashing the assessment order, demand notice, and show cause notice for penalty. However, the notice seeking to reopen the assessment was not disturbed, allowing for further inquiry during reassessment proceedings. The petitioners were granted the opportunity to present their case, with the court emphasizing that the reasons for the notice would be subject to scrutiny during reassessment. Case-Laws Income Tax Thu, 12 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257082