https://www.taxtmi.com/caselaws?id=356971 The court granted an interim stay on the notice issued under Section 148 of the Income Tax Act for the Assessment Year 2010-11. It found that the Assessing Officer lacked a reasonable belief that income had escaped assessment, as the reasons for reopening were based on information not properly examined. The court emphasized the necessity for Assessing Officers to independently assess material before issuing notices for reopening assessments, highlighting the importance of adherence to proper procedures in such cases. en-us Fri, 09 Mar 2018 00:00:00 +0530 Wed, 14 Mar 2018 21:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356971 The court granted an interim stay on the notice issued under Section 148 of the Income Tax Act for the Assessment Year 2010-11. It found that the Assessing Officer lacked a reasonable belief that income had escaped assessment, as the reasons for reopening were based on information not properly examined. The court emphasized the necessity for Assessing Officers to independently assess material before issuing notices for reopening assessments, highlighting the importance of adherence to proper procedures in such cases. Case-Laws Income Tax Fri, 09 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356971