https://www.taxtmi.com/caselaws?id=332600 The court quashed the reopening notice for Unimed, finding no failure to disclose material facts and inconsistencies in the AO's reasons. However, it upheld the reopening notice for Sun Pharma, citing valid reasons and prima facie evidence of tax evasion through the technology transfer arrangement. The court emphasized that its observations were limited to the validity of the reopening notices and did not preclude further assessment based on additional evidence. en-us Mon, 12 Sep 2016 00:00:00 +0530 Tue, 20 Sep 2016 20:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332600 The court quashed the reopening notice for Unimed, finding no failure to disclose material facts and inconsistencies in the AO's reasons. However, it upheld the reopening notice for Sun Pharma, citing valid reasons and prima facie evidence of tax evasion through the technology transfer arrangement. The court emphasized that its observations were limited to the validity of the reopening notices and did not preclude further assessment based on additional evidence. Case-Laws Income Tax Mon, 12 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332600