https://www.taxtmi.com/caselaws?id=356523 The Court upheld the jurisdiction of the Assessing Officer to issue a notice for reopening the assessment based on a special audit report, finding that fresh information justifying reassessment had emerged. The Court also determined that the Assessing Officer had applied their mind to the facts and that reliance on the special audit report was valid. Additionally, the Court concluded that the objections raised by the Petitioner were duly considered, dismissing the Petition and denying a stay of the order. The Court directed the Petitioner to comply with reassessment proceedings. en-us Fri, 23 Feb 2018 00:00:00 +0530 Mon, 27 Jul 2020 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356523 The Court upheld the jurisdiction of the Assessing Officer to issue a notice for reopening the assessment based on a special audit report, finding that fresh information justifying reassessment had emerged. The Court also determined that the Assessing Officer had applied their mind to the facts and that reliance on the special audit report was valid. Additionally, the Court concluded that the objections raised by the Petitioner were duly considered, dismissing the Petition and denying a stay of the order. The Court directed the Petitioner to comply with reassessment proceedings. Case-Laws Income Tax Fri, 23 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356523