https://www.taxtmi.com/caselaws?id=373697 The court quashed and set aside the reopening notice issued under Section 148 of the Income Tax Act for Assessment Year 2011-12. The court held that the Assessing Officer lacked valid reasons to believe that income had escaped assessment, emphasizing that such belief must be based on correct facts. As the objections raised by the petitioner were not adequately addressed and the Assessing Officer proceeded on incorrect facts, the court found the notice to be without jurisdiction, ruling in favor of the petitioner. en-us Thu, 10 Jan 2019 00:00:00 +0530 Sat, 02 Mar 2019 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373697 The court quashed and set aside the reopening notice issued under Section 148 of the Income Tax Act for Assessment Year 2011-12. The court held that the Assessing Officer lacked valid reasons to believe that income had escaped assessment, emphasizing that such belief must be based on correct facts. As the objections raised by the petitioner were not adequately addressed and the Assessing Officer proceeded on incorrect facts, the court found the notice to be without jurisdiction, ruling in favor of the petitioner. Case-Laws Income Tax Thu, 10 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373697