https://www.taxtmi.com/caselaws?id=372451 The Court set aside the order for re-opening the assessment under Section 147 of the Income Tax Act, 1961, due to the Assessing Officer's failure to address all objections raised by the Assessee, particularly regarding the application of Section 50C. The Court emphasized procedural compliance, stating that the Officer must consider and decide on each objection before re-opening an assessment. The matter was remitted back to the Assessing Officer for fresh consideration, highlighting the importance of addressing all objections raised by the Assessee for procedural fairness and compliance with the law. en-us Wed, 12 Dec 2018 00:00:00 +0530 Sat, 22 Dec 2018 08:49:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372451 The Court set aside the order for re-opening the assessment under Section 147 of the Income Tax Act, 1961, due to the Assessing Officer's failure to address all objections raised by the Assessee, particularly regarding the application of Section 50C. The Court emphasized procedural compliance, stating that the Officer must consider and decide on each objection before re-opening an assessment. The matter was remitted back to the Assessing Officer for fresh consideration, highlighting the importance of addressing all objections raised by the Assessee for procedural fairness and compliance with the law. Case-Laws Income Tax Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372451