https://www.taxtmi.com/caselaws?id=329469 The court set aside the notice seeking to reopen the assessment for the assessment year 2008-09 as it was issued beyond the statutory four-year limit without sufficient grounds. The Assessing Officer's failure to diligently locate the petitioner and reliance on unverified details and suspicions were deemed inadequate for reopening the assessment. The court emphasized the need for tangible material to establish income evasion and ruled in favor of the petitioner, disposing of the challenge in their favor. en-us Mon, 27 Jun 2016 00:00:00 +0530 Sat, 02 Jul 2016 12:11:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329469 The court set aside the notice seeking to reopen the assessment for the assessment year 2008-09 as it was issued beyond the statutory four-year limit without sufficient grounds. The Assessing Officer's failure to diligently locate the petitioner and reliance on unverified details and suspicions were deemed inadequate for reopening the assessment. The court emphasized the need for tangible material to establish income evasion and ruled in favor of the petitioner, disposing of the challenge in their favor. Case-Laws Income Tax Mon, 27 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329469