https://www.taxtmi.com/caselaws?id=12208 The court ruled in favor of the petitioner, finding that the initiation of reassessment proceedings under section 147/148 of the Income-tax Act, 1961 for assessment years 1981-82 to 1985-86 was not valid. It was determined that the notices were issued without proper reasons recorded by the Assessing Officer, as required by law. The court emphasized that the reasons provided for reopening the assessments were insufficient and did not meet the legal standards. As a result, the court allowed the writ petition, quashing the reassessment notices for the mentioned assessment years without awarding costs. en-us Wed, 28 Aug 2002 00:00:00 +0530 Fri, 19 Feb 2010 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12208 The court ruled in favor of the petitioner, finding that the initiation of reassessment proceedings under section 147/148 of the Income-tax Act, 1961 for assessment years 1981-82 to 1985-86 was not valid. It was determined that the notices were issued without proper reasons recorded by the Assessing Officer, as required by law. The court emphasized that the reasons provided for reopening the assessments were insufficient and did not meet the legal standards. As a result, the court allowed the writ petition, quashing the reassessment notices for the mentioned assessment years without awarding costs. Case-Laws Income Tax Wed, 28 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12208