https://www.taxtmi.com/caselaws?id=197320 The High Court of Bombay held that the order disposing of objections, based on new facts not part of the reasons for reopening, was legally unsustainable. The court emphasized the importance of adhering to the jurisdictional requirements for reopening assessments, particularly when invoking the proviso to Section 147 of the Income Tax Act. The Assessing Officer was directed to reconsider the objections in line with the recorded reasons for issuing the notice, ensuring compliance with legal standards. en-us Wed, 20 Aug 2014 00:00:00 +0530 Tue, 02 Jan 2018 20:23:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197320 The High Court of Bombay held that the order disposing of objections, based on new facts not part of the reasons for reopening, was legally unsustainable. The court emphasized the importance of adhering to the jurisdictional requirements for reopening assessments, particularly when invoking the proviso to Section 147 of the Income Tax Act. The Assessing Officer was directed to reconsider the objections in line with the recorded reasons for issuing the notice, ensuring compliance with legal standards. Case-Laws Income Tax Wed, 20 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197320