https://www.taxtmi.com/caselaws?id=376561 The Court quashed and set aside the notice issued under section 148 of the Income Tax Act, 1961, for reopening assessment for A.Y. 2011-12. The Court found that the notice was solely based on information from the Deputy Collector of Income Tax (Investigation) without the Assessing Officer's own examination. It was noted that the company in question did not exist during the relevant assessment year, indicating a lack of due diligence. The Court held that the notice was unsustainable as it did not meet the legal requirement of the Assessing Officer's independent satisfaction that income had escaped assessment. en-us Fri, 01 Mar 2019 00:00:00 +0530 Thu, 30 Apr 2026 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376561 The Court quashed and set aside the notice issued under section 148 of the Income Tax Act, 1961, for reopening assessment for A.Y. 2011-12. The Court found that the notice was solely based on information from the Deputy Collector of Income Tax (Investigation) without the Assessing Officer's own examination. It was noted that the company in question did not exist during the relevant assessment year, indicating a lack of due diligence. The Court held that the notice was unsustainable as it did not meet the legal requirement of the Assessing Officer's independent satisfaction that income had escaped assessment. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376561