https://www.taxtmi.com/caselaws?id=258529 The Court concluded that the reasons recorded for reopening the assessment did not demonstrate that income chargeable to tax had escaped assessment. The notice under Section 148(1) was quashed, and the Writ Petition was allowed, emphasizing that reasons cannot be supplemented by additional reasons in an affidavit. The judgment reinforced that reasons for reopening assessments must be based on relevant and material facts, and mere verification of details does not justify issuing a notice under Section 148 of the IT Act. en-us Tue, 07 Apr 2015 00:00:00 +0530 Tue, 11 Aug 2015 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258529 The Court concluded that the reasons recorded for reopening the assessment did not demonstrate that income chargeable to tax had escaped assessment. The notice under Section 148(1) was quashed, and the Writ Petition was allowed, emphasizing that reasons cannot be supplemented by additional reasons in an affidavit. The judgment reinforced that reasons for reopening assessments must be based on relevant and material facts, and mere verification of details does not justify issuing a notice under Section 148 of the IT Act. Case-Laws Income Tax Tue, 07 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258529