https://www.taxtmi.com/caselaws?id=332386 The High Court invalidated a notice reopening the assessment for AY 2008-09 based on alleged share capital receipt, citing lack of material and typographical errors. Despite objections and evidence presented by the petitioner, an ex parte assessment order was passed adding substantial amounts to total income. The Court emphasized the necessity for a valid reason to reopen assessments and found the notice and subsequent assessment order lacking validity. Consequently, the High Court set aside both the notice and assessment order, disposing of the petition accordingly. en-us Wed, 07 Sep 2016 00:00:00 +0530 Mon, 16 Mar 2026 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332386 The High Court invalidated a notice reopening the assessment for AY 2008-09 based on alleged share capital receipt, citing lack of material and typographical errors. Despite objections and evidence presented by the petitioner, an ex parte assessment order was passed adding substantial amounts to total income. The Court emphasized the necessity for a valid reason to reopen assessments and found the notice and subsequent assessment order lacking validity. Consequently, the High Court set aside both the notice and assessment order, disposing of the petition accordingly. Case-Laws Income Tax Wed, 07 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332386