https://www.taxtmi.com/caselaws?id=347726 The Court quashed the notices issued by the Assessing Officer under Section 148 of the Income Tax Act for reopening assessments for AY 2009-10. It found the reopening was based on inadequate and unverified information from a Tax Evasion Petition and disciplinary proceedings against the former auditor. The reasons provided for reopening lacked tangible material and failed to address objections properly. The Court emphasized that the Tax Evasion Petition alone could not justify reopening assessments. Ultimately, the Court ruled in favor of the Petitioners, quashing the notices and subsequent proceedings. en-us Wed, 30 Aug 2017 00:00:00 +0530 Fri, 08 Sep 2017 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347726 The Court quashed the notices issued by the Assessing Officer under Section 148 of the Income Tax Act for reopening assessments for AY 2009-10. It found the reopening was based on inadequate and unverified information from a Tax Evasion Petition and disciplinary proceedings against the former auditor. The reasons provided for reopening lacked tangible material and failed to address objections properly. The Court emphasized that the Tax Evasion Petition alone could not justify reopening assessments. Ultimately, the Court ruled in favor of the Petitioners, quashing the notices and subsequent proceedings. Case-Laws Income Tax Wed, 30 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347726