https://www.taxtmi.com/caselaws?id=374317 The High Court set aside the notice of reopening the assessment for the assessment year 2011-12 as it was based on incorrect information regarding alleged donations made by the petitioner to a trust. The Court emphasized the necessity for the Assessing Officer to have valid reasons to believe that income has escaped assessment, even if the return was accepted without scrutiny. Upon examination, it was found that the petitioner had not made the alleged donation, and discrepancies in the information provided were noted. Consequently, the Court ruled in favor of the petitioner, disposing of the petition accordingly. en-us Thu, 24 Jan 2019 00:00:00 +0530 Wed, 30 Jan 2019 08:21:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374317 The High Court set aside the notice of reopening the assessment for the assessment year 2011-12 as it was based on incorrect information regarding alleged donations made by the petitioner to a trust. The Court emphasized the necessity for the Assessing Officer to have valid reasons to believe that income has escaped assessment, even if the return was accepted without scrutiny. Upon examination, it was found that the petitioner had not made the alleged donation, and discrepancies in the information provided were noted. Consequently, the Court ruled in favor of the petitioner, disposing of the petition accordingly. Case-Laws Income Tax Thu, 24 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374317