https://www.taxtmi.com/caselaws?id=374195 The court quashed and set aside the notice of reopening of assessment for the Assessment Year 2010-11 issued to a company engaged in the business of manufacturing and processing frozen meat. The court found that the information from the Investigation Wing alone was insufficient to establish non-genuine expenditure by the company, and the Assessing Officer had not conducted follow-up inquiries or provided additional material to support the reopening. Given the detailed scrutiny during the original assessment where the payments to the supplier were accepted, the court deemed the reopening beyond the statutory period as unjustified. en-us Fri, 18 Jan 2019 00:00:00 +0530 Mon, 28 Jan 2019 08:11:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374195 The court quashed and set aside the notice of reopening of assessment for the Assessment Year 2010-11 issued to a company engaged in the business of manufacturing and processing frozen meat. The court found that the information from the Investigation Wing alone was insufficient to establish non-genuine expenditure by the company, and the Assessing Officer had not conducted follow-up inquiries or provided additional material to support the reopening. Given the detailed scrutiny during the original assessment where the payments to the supplier were accepted, the court deemed the reopening beyond the statutory period as unjustified. Case-Laws Income Tax Fri, 18 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374195