https://www.taxtmi.com/caselaws?id=356967 The Court held that the Assessing Officer's reliance on the audit's interpretation of the law for re-opening the assessment lacked jurisdiction. It was noted that the Officer should have formed an independent reasonable belief rather than borrowing from external sources. The audit objections contradicted the findings of the subsequent assessment year, which were not contested. As a result, the re-opening notice was deemed invalid, and interim relief was granted to the Petitioner. en-us Thu, 22 Feb 2018 00:00:00 +0530 Wed, 14 Mar 2018 21:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356967 The Court held that the Assessing Officer's reliance on the audit's interpretation of the law for re-opening the assessment lacked jurisdiction. It was noted that the Officer should have formed an independent reasonable belief rather than borrowing from external sources. The audit objections contradicted the findings of the subsequent assessment year, which were not contested. As a result, the re-opening notice was deemed invalid, and interim relief was granted to the Petitioner. Case-Laws Income Tax Thu, 22 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356967