https://www.taxtmi.com/caselaws?id=332746 The High Court quashed the notice for reopening the assessment for the assessment year 2004-05, emphasizing that the Assessing Officer had already examined the relevant issues during the original assessment. The court ruled that it was impermissible to reopen the assessment based on the same grounds without new material, particularly regarding the alleged lack of disclosure or disallowance of losses on off-market transactions with a sister concern. en-us Mon, 19 Sep 2016 00:00:00 +0530 Tue, 31 Jan 2017 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332746 The High Court quashed the notice for reopening the assessment for the assessment year 2004-05, emphasizing that the Assessing Officer had already examined the relevant issues during the original assessment. The court ruled that it was impermissible to reopen the assessment based on the same grounds without new material, particularly regarding the alleged lack of disclosure or disallowance of losses on off-market transactions with a sister concern. Case-Laws Income Tax Mon, 19 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332746