https://www.taxtmi.com/caselaws?id=335768 The court quashed the notice under section 148 of the Income Tax Act to reopen the assessment for A.Y. 2011-12, ruling in favor of the petitioner. The reassessment lacked independent opinion by the Assessing Officer and was solely based on audit objections, indicating a lack of subjective satisfaction required for such proceedings. The court emphasized the necessity of independent assessment and subjective satisfaction in reopening assessments, setting aside the impugned notices and highlighting the importance of proper application of mind by the A.O. in such cases. en-us Tue, 29 Nov 2016 00:00:00 +0530 Thu, 08 Dec 2016 21:54:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335768 The court quashed the notice under section 148 of the Income Tax Act to reopen the assessment for A.Y. 2011-12, ruling in favor of the petitioner. The reassessment lacked independent opinion by the Assessing Officer and was solely based on audit objections, indicating a lack of subjective satisfaction required for such proceedings. The court emphasized the necessity of independent assessment and subjective satisfaction in reopening assessments, setting aside the impugned notices and highlighting the importance of proper application of mind by the A.O. in such cases. Case-Laws Income Tax Tue, 29 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335768