https://www.taxtmi.com/caselaws?id=282041 The High Court of Bombay held that the notice of reopening of assessment was unsustainable due to procedural irregularities, lack of genuine grounds, and insufficient justification for the allegations made by the Assessing Officer. The court emphasized the importance of adherence to statutory requirements and the need for a valid basis supported by concrete evidence before initiating reassessment proceedings. en-us Fri, 08 Feb 2019 00:00:00 +0530 Fri, 19 Jul 2019 06:27:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282041 The High Court of Bombay held that the notice of reopening of assessment was unsustainable due to procedural irregularities, lack of genuine grounds, and insufficient justification for the allegations made by the Assessing Officer. The court emphasized the importance of adherence to statutory requirements and the need for a valid basis supported by concrete evidence before initiating reassessment proceedings. Case-Laws Income Tax Fri, 08 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282041