https://www.taxtmi.com/caselaws?id=369640 The Court quashed the re-assessment notice under Sections 142, 147, and 148 of the Income Tax Act, 1961, due to lack of material supporting the re-opening of assessment for the subsequent year. The decision favored the petitioner, emphasizing the necessity of accurate reasons for re-assessment to uphold procedural integrity and taxpayer rights. en-us Tue, 23 Oct 2018 00:00:00 +0530 Sat, 29 Dec 2018 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369640 The Court quashed the re-assessment notice under Sections 142, 147, and 148 of the Income Tax Act, 1961, due to lack of material supporting the re-opening of assessment for the subsequent year. The decision favored the petitioner, emphasizing the necessity of accurate reasons for re-assessment to uphold procedural integrity and taxpayer rights. Case-Laws Income Tax Tue, 23 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369640