https://www.taxtmi.com/caselaws?id=382611 The High Court issued a Notice returnable on a specified date in a case challenging the reopening of assessment under section 147 of the Income Tax Act, 1961. The Court allowed the respondent to proceed further based on the notice but prohibited the final assessment without its prior permission. The judgment stressed the need for a specific finding of income escapement and a direct nexus between the parties to justify such reopening, highlighting the impermissibility of a roving inquiry without concrete evidence. en-us Tue, 02 Jul 2019 00:00:00 +0530 Fri, 05 Jul 2019 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382611 The High Court issued a Notice returnable on a specified date in a case challenging the reopening of assessment under section 147 of the Income Tax Act, 1961. The Court allowed the respondent to proceed further based on the notice but prohibited the final assessment without its prior permission. The judgment stressed the need for a specific finding of income escapement and a direct nexus between the parties to justify such reopening, highlighting the impermissibility of a roving inquiry without concrete evidence. Case-Laws Income Tax Tue, 02 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382611