https://www.taxtmi.com/caselaws?id=281804 The court found in favor of the petitioner, highlighting procedural deficiencies in the reassessment process. It directed a fresh consideration by the Income Tax Officer-Ward, emphasizing the need for reasons to be provided for reopening assessments and ensuring the petitioner's right to a fair opportunity to present their case. The court set aside the impugned order due to lack of procedural fairness and stressed the importance of providing all relevant information to the petitioner before finalizing any assessment based on third-party statements. en-us Mon, 02 Feb 2015 00:00:00 +0530 Tue, 18 Apr 2023 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281804 The court found in favor of the petitioner, highlighting procedural deficiencies in the reassessment process. It directed a fresh consideration by the Income Tax Officer-Ward, emphasizing the need for reasons to be provided for reopening assessments and ensuring the petitioner's right to a fair opportunity to present their case. The court set aside the impugned order due to lack of procedural fairness and stressed the importance of providing all relevant information to the petitioner before finalizing any assessment based on third-party statements. Case-Laws Income Tax Mon, 02 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281804