https://www.taxtmi.com/caselaws?id=345350 The court upheld the validity of the notice issued by the Income Tax Officer for the assessment year 2012-13, based on the sale of an immovable property. Despite the petitioner's arguments regarding their income falling below the taxable limit, the court emphasized the Assessing Officer's authority to assess income with valid reasons. The court dismissed the petition, ruling that there was no interference warranted with the notice for reopening the assessment, highlighting the necessity of tangible material and valid reasons for the Assessing Officer's actions. en-us Mon, 10 Jul 2017 00:00:00 +0530 Thu, 10 Aug 2017 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345350 The court upheld the validity of the notice issued by the Income Tax Officer for the assessment year 2012-13, based on the sale of an immovable property. Despite the petitioner's arguments regarding their income falling below the taxable limit, the court emphasized the Assessing Officer's authority to assess income with valid reasons. The court dismissed the petition, ruling that there was no interference warranted with the notice for reopening the assessment, highlighting the necessity of tangible material and valid reasons for the Assessing Officer's actions. Case-Laws Income Tax Mon, 10 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345350