https://www.taxtmi.com/caselaws?id=344334 The HC dismissed the writ petition challenging the reopening of the assessment for the assessment year 2009-2010. The court held that the Assessing Officer had recorded proper reasons, based on new information and inquiries, suggesting that the assessee's claim of agricultural income was false. The court emphasized that the sufficiency of reasons is not subject to judicial scrutiny if based on tangible material and a bona fide belief. Consequently, the interim relief was vacated, and the rule was discharged. en-us Tue, 06 Jun 2017 00:00:00 +0530 Thu, 22 Feb 2024 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344334 The HC dismissed the writ petition challenging the reopening of the assessment for the assessment year 2009-2010. The court held that the Assessing Officer had recorded proper reasons, based on new information and inquiries, suggesting that the assessee's claim of agricultural income was false. The court emphasized that the sufficiency of reasons is not subject to judicial scrutiny if based on tangible material and a bona fide belief. Consequently, the interim relief was vacated, and the rule was discharged. Case-Laws Income Tax Tue, 06 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344334