https://www.taxtmi.com/caselaws?id=334948 The High Court dismissed the petition challenging the notice seeking to reopen the assessment for the year 2009-10, allowing for further scrutiny of the transaction involving the transfer of shares. The Court found that the reasons recorded for reopening the assessment were valid, emphasizing the need for examination beyond the statutory period due to lack of disclosure. The Court clarified that its findings were preliminary and did not bar the petitioner from raising contentions during reassessment proceedings. en-us Tue, 26 Jul 2016 00:00:00 +0530 Thu, 17 Nov 2016 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334948 The High Court dismissed the petition challenging the notice seeking to reopen the assessment for the year 2009-10, allowing for further scrutiny of the transaction involving the transfer of shares. The Court found that the reasons recorded for reopening the assessment were valid, emphasizing the need for examination beyond the statutory period due to lack of disclosure. The Court clarified that its findings were preliminary and did not bar the petitioner from raising contentions during reassessment proceedings. Case-Laws Income Tax Tue, 26 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334948