https://www.taxtmi.com/caselaws?id=384809 The High Court ruled in favor of the writ applicant, holding that the re-opening of the income tax assessment for Assessment Year 2011-12 was unjustified as it appeared to be based on a change of opinion rather than valid reasons to believe income escapement. The Court emphasized the need for a live link between the reasons recorded for re-opening and the belief of income escapement, as per legal precedents and provisions of the Income Tax Act, 1961. The Court allowed the petition, quashed the notice, and terminated related proceedings. en-us Mon, 19 Aug 2019 00:00:00 +0530 Sat, 19 Oct 2019 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384809 The High Court ruled in favor of the writ applicant, holding that the re-opening of the income tax assessment for Assessment Year 2011-12 was unjustified as it appeared to be based on a change of opinion rather than valid reasons to believe income escapement. The Court emphasized the need for a live link between the reasons recorded for re-opening and the belief of income escapement, as per legal precedents and provisions of the Income Tax Act, 1961. The Court allowed the petition, quashed the notice, and terminated related proceedings. Case-Laws Income Tax Mon, 19 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384809