https://www.taxtmi.com/caselaws?id=372954 The court considered the petitioner's arguments regarding alleged sham transactions and discrepancies in the assessment for the assessment year 2011-12. The court issued a notice returnable on 5th February 2019, allowing the respondent to proceed further but restricting them from passing a final order without the court's permission. The court emphasized the need for accurate information and independent opinion in reopening assessments under section 147 of the Income Tax Act, 1961. en-us Mon, 10 Dec 2018 00:00:00 +0530 Thu, 03 Jan 2019 08:12:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372954 The court considered the petitioner's arguments regarding alleged sham transactions and discrepancies in the assessment for the assessment year 2011-12. The court issued a notice returnable on 5th February 2019, allowing the respondent to proceed further but restricting them from passing a final order without the court's permission. The court emphasized the need for accurate information and independent opinion in reopening assessments under section 147 of the Income Tax Act, 1961. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372954