https://www.taxtmi.com/caselaws?id=336840 The Court ruled in favor of the petitioner, holding that the Income Tax Officer's actions in issuing notices under Section 148 of the Income Tax Act for reopening assessments were not in line with legal principles established by precedent. The Court found that the assessments for the years 1999-2000 and 2000-2001 could not be reopened based on a valuation officer's report without the specific provisions of Section 142A, introduced retrospectively. Consequently, the Court allowed the writ petition, setting aside the impugned notices. en-us Wed, 21 Dec 2016 00:00:00 +0530 Thu, 29 Dec 2016 13:07:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336840 The Court ruled in favor of the petitioner, holding that the Income Tax Officer's actions in issuing notices under Section 148 of the Income Tax Act for reopening assessments were not in line with legal principles established by precedent. The Court found that the assessments for the years 1999-2000 and 2000-2001 could not be reopened based on a valuation officer's report without the specific provisions of Section 142A, introduced retrospectively. Consequently, the Court allowed the writ petition, setting aside the impugned notices. Case-Laws Income Tax Wed, 21 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336840