https://www.taxtmi.com/caselaws?id=380719 The Court quashed the notice issued under Section 147 read with Section 148 of the Income Tax Act, 1961 for re-opening the assessment for AY 2011-2012, as the reasons for re-opening did not meet the jurisdictional requirements. The Court also set aside the order rejecting the Petitioner's objections to the re-opening, emphasizing the necessity for tangible material and proper satisfaction of the Assessing Officer in cases of re-assessment. The Court highlighted errors in the reasons recorded and the failure to consider material facts already disclosed during the original assessment, leading to the invalidity of the re-opening and objection rejection. en-us Tue, 21 May 2019 00:00:00 +0530 Fri, 21 Jun 2019 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380719 The Court quashed the notice issued under Section 147 read with Section 148 of the Income Tax Act, 1961 for re-opening the assessment for AY 2011-2012, as the reasons for re-opening did not meet the jurisdictional requirements. The Court also set aside the order rejecting the Petitioner's objections to the re-opening, emphasizing the necessity for tangible material and proper satisfaction of the Assessing Officer in cases of re-assessment. The Court highlighted errors in the reasons recorded and the failure to consider material facts already disclosed during the original assessment, leading to the invalidity of the re-opening and objection rejection. Case-Laws Income Tax Tue, 21 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380719