https://www.taxtmi.com/caselaws?id=345387 The High Court set aside the notice for reopening assessment for the assessment year 2009-10, ruling in favor of the pharmaceutical company petitioner. The court held that the notice was impermissible as it was solely based on the directive of the audit party, which had previously been rejected by the Assessing Officer. The court emphasized that reassessment should not be allowed based on such grounds, ultimately disposing of the matter in favor of the petitioner. en-us Wed, 12 Jul 2017 00:00:00 +0530 Thu, 10 Aug 2017 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345387 The High Court set aside the notice for reopening assessment for the assessment year 2009-10, ruling in favor of the pharmaceutical company petitioner. The court held that the notice was impermissible as it was solely based on the directive of the audit party, which had previously been rejected by the Assessing Officer. The court emphasized that reassessment should not be allowed based on such grounds, ultimately disposing of the matter in favor of the petitioner. Case-Laws Income Tax Wed, 12 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345387