https://www.taxtmi.com/caselaws?id=336226 The Court quashed the notice under Section 148 of the Income Tax Act to reopen assessment proceedings for AY 200001. It found the notice unsustainable as it was solely based on audit objections without independent assessment of income escaping. The Court ruled in favor of the petitioner, highlighting the lack of denial or dispute of facts and violation of established principles in issuing the impugned notice. en-us Fri, 02 Dec 2016 00:00:00 +0530 Sat, 01 Apr 2017 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336226 The Court quashed the notice under Section 148 of the Income Tax Act to reopen assessment proceedings for AY 200001. It found the notice unsustainable as it was solely based on audit objections without independent assessment of income escaping. The Court ruled in favor of the petitioner, highlighting the lack of denial or dispute of facts and violation of established principles in issuing the impugned notice. Case-Laws Income Tax Fri, 02 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336226