https://www.taxtmi.com/caselaws?id=374907 The court set aside both the notice of reopening and the assessment order dated 12.12.2018, ruling in favor of the petitioner, a Private Limited Company. The court emphasized that the Assessing Officer cannot alter the basis of assessment without valid grounds and new evidence justifying the change. The Assessing Officer's failure to wait for the required period before passing the assessment order was noted as an error, leading to the assessment order being set aside for being without jurisdiction, reverting to the pre-assessment order stage. en-us Thu, 31 Jan 2019 00:00:00 +0530 Tue, 12 Feb 2019 07:06:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374907 The court set aside both the notice of reopening and the assessment order dated 12.12.2018, ruling in favor of the petitioner, a Private Limited Company. The court emphasized that the Assessing Officer cannot alter the basis of assessment without valid grounds and new evidence justifying the change. The Assessing Officer's failure to wait for the required period before passing the assessment order was noted as an error, leading to the assessment order being set aside for being without jurisdiction, reverting to the pre-assessment order stage. Case-Laws Income Tax Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374907