https://www.taxtmi.com/caselaws?id=275557 The appeal challenged the Income Tax Appellate Tribunal's order reopening the assessment for Assessment Year 2004-05. The court held that the Assessing Officer lacked a reasonable belief for reopening and did not reassess the income that formed the basis for reopening, rendering the reassessment order invalid. Citing precedent, the court emphasized the necessity of reassessing the relevant income. The appeal was dismissed as it did not raise a substantial question of law, emphasizing the importance of complying with the Income Tax Act's provisions for reassessment. en-us Wed, 28 Feb 2018 00:00:00 +0530 Mon, 08 Oct 2018 07:23:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275557 The appeal challenged the Income Tax Appellate Tribunal's order reopening the assessment for Assessment Year 2004-05. The court held that the Assessing Officer lacked a reasonable belief for reopening and did not reassess the income that formed the basis for reopening, rendering the reassessment order invalid. Citing precedent, the court emphasized the necessity of reassessing the relevant income. The appeal was dismissed as it did not raise a substantial question of law, emphasizing the importance of complying with the Income Tax Act's provisions for reassessment. Case-Laws Income Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275557