https://www.taxtmi.com/caselaws?id=385429 The Court quashed the notice for reopening assessment for A.Y. 2011-12 and the order disposing objections. It found the reasons for reopening lacked a rational connection to income escapement, deeming it a fishing inquiry without valid grounds. The Court emphasized the necessity of tangible material supporting the belief of income evasion, citing a previous decision. Consequently, the petition was allowed, declaring the notice invalid and illegal. en-us Mon, 19 Aug 2019 00:00:00 +0530 Thu, 05 Sep 2019 07:32:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385429 The Court quashed the notice for reopening assessment for A.Y. 2011-12 and the order disposing objections. It found the reasons for reopening lacked a rational connection to income escapement, deeming it a fishing inquiry without valid grounds. The Court emphasized the necessity of tangible material supporting the belief of income evasion, citing a previous decision. Consequently, the petition was allowed, declaring the notice invalid and illegal. Case-Laws Income Tax Mon, 19 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385429