https://www.taxtmi.com/caselaws?id=343814 The court set aside the notice and order disposing of objections, ruling in favor of the petitioner, Oracle Systems Corporation. The court found the basis for reopening the assessment to be non-existent, as the findings forming the basis were reversed by the DRP in a similar case. The lack of fresh tangible material for invoking Section 147 of the Income Tax Act was emphasized, leading to the allowance of the writ petition with no costs awarded. en-us Tue, 30 May 2017 00:00:00 +0530 Fri, 02 Jun 2017 06:16:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343814 The court set aside the notice and order disposing of objections, ruling in favor of the petitioner, Oracle Systems Corporation. The court found the basis for reopening the assessment to be non-existent, as the findings forming the basis were reversed by the DRP in a similar case. The lack of fresh tangible material for invoking Section 147 of the Income Tax Act was emphasized, leading to the allowance of the writ petition with no costs awarded. Case-Laws Income Tax Tue, 30 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343814