https://www.taxtmi.com/caselaws?id=339611 The court quashed the notice under Section 148 of the Income Tax Act and the reassessment proceedings for AY 2009-10. It ruled that there was no tangible material to justify the reopening of the assessment, as the evidence relied upon was deemed insufficient and based on conjecture and surmise. Consequently, the court declared the notices invalid, allowing the petitions filed by the petitioner. en-us Wed, 15 Feb 2017 00:00:00 +0530 Sat, 13 May 2017 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339611 The court quashed the notice under Section 148 of the Income Tax Act and the reassessment proceedings for AY 2009-10. It ruled that there was no tangible material to justify the reopening of the assessment, as the evidence relied upon was deemed insufficient and based on conjecture and surmise. Consequently, the court declared the notices invalid, allowing the petitions filed by the petitioner. Case-Laws Income Tax Wed, 15 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339611