https://www.taxtmi.com/caselaws?id=326053 The Court quashed the notices seeking to reopen assessments under Section 148 of the Income Tax Act for the Assessee, a medical practitioner, for Assessment Years 2006-07 to 2009-10. The Court found the reopening was based on a mistaken premise regarding the Assessee's accounting method and lacked tangible material as required by precedent. The Court held that the Assessee consistently followed the mercantile system, and objections were not adequately addressed by the Assessing Officer. Consequently, the reopening of assessments was deemed invalid, and the writ petitions were allowed without costs. en-us Thu, 03 Mar 2016 00:00:00 +0530 Fri, 13 May 2016 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326053 The Court quashed the notices seeking to reopen assessments under Section 148 of the Income Tax Act for the Assessee, a medical practitioner, for Assessment Years 2006-07 to 2009-10. The Court found the reopening was based on a mistaken premise regarding the Assessee's accounting method and lacked tangible material as required by precedent. The Court held that the Assessee consistently followed the mercantile system, and objections were not adequately addressed by the Assessing Officer. Consequently, the reopening of assessments was deemed invalid, and the writ petitions were allowed without costs. Case-Laws Income Tax Thu, 03 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326053