https://www.taxtmi.com/caselaws?id=351981 The court dismissed the petition challenging the reassessment order under the Income Tax Act for the assessment year 2004-05. The reassessment was based on tangible material related to transactions with Associate Enterprises and non-referral of Section 3CEB to the TPO, in accordance with legal precedents. The court emphasized the necessity of a live link with tangible reasons for reassessment, distinguishing it from a mere change of opinion. The reassessment order was found detailed, reasoned, and legally sound, leading to the dismissal of the petition. en-us Fri, 03 Nov 2017 00:00:00 +0530 Sat, 24 Feb 2018 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351981 The court dismissed the petition challenging the reassessment order under the Income Tax Act for the assessment year 2004-05. The reassessment was based on tangible material related to transactions with Associate Enterprises and non-referral of Section 3CEB to the TPO, in accordance with legal precedents. The court emphasized the necessity of a live link with tangible reasons for reassessment, distinguishing it from a mere change of opinion. The reassessment order was found detailed, reasoned, and legally sound, leading to the dismissal of the petition. Case-Laws Income Tax Fri, 03 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351981