https://www.taxtmi.com/caselaws?id=258051 The High Court of Bombay upheld the Tribunal's decision, ruling that the notice for reopening the assessment in 2003 was without jurisdiction. The Court emphasized the necessity for a live link between the material and the belief that income had escaped assessment, highlighting the lack of independent assessment by the Assessing Officer. The appeal was dismissed, with the judgment stressing the importance of meeting legal requirements for reopening assessments under the Income Tax Act. en-us Wed, 18 Feb 2015 00:00:00 +0530 Mon, 30 Mar 2015 06:02:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258051 The High Court of Bombay upheld the Tribunal's decision, ruling that the notice for reopening the assessment in 2003 was without jurisdiction. The Court emphasized the necessity for a live link between the material and the belief that income had escaped assessment, highlighting the lack of independent assessment by the Assessing Officer. The appeal was dismissed, with the judgment stressing the importance of meeting legal requirements for reopening assessments under the Income Tax Act. Case-Laws Income Tax Wed, 18 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258051