https://www.taxtmi.com/caselaws?id=355255 The court ruled in favor of the petitioner, setting aside the notices of reopening assessment. It found discrepancies in the reasons recorded for issuing the notice, noting that the petitioner had actually received the sum in question and not suffered the alleged losses. Emphasizing the importance of accurate reasons for reopening assessments, the court upheld the petitioner's contentions and concluded that the Assessing Officer's decision to reopen the assessment was invalid. en-us Wed, 07 Feb 2018 00:00:00 +0530 Sat, 10 Feb 2018 22:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355255 The court ruled in favor of the petitioner, setting aside the notices of reopening assessment. It found discrepancies in the reasons recorded for issuing the notice, noting that the petitioner had actually received the sum in question and not suffered the alleged losses. Emphasizing the importance of accurate reasons for reopening assessments, the court upheld the petitioner's contentions and concluded that the Assessing Officer's decision to reopen the assessment was invalid. Case-Laws Income Tax Wed, 07 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355255