https://www.taxtmi.com/caselaws?id=390950 The Court held that the reassessment proceedings initiated against the petitioner, a Private Limited Company, were invalid due to lack of proper reasons for reopening under Section 147 of the Income Tax Act, 1961. Emphasizing the necessity of fresh material and approval from the Joint Commissioner, the Court set aside the impugned order and directed the Income Tax Officer to proceed afresh in accordance with the law. The petitioner's objections regarding the procedural irregularities in the reassessment process were upheld, granting relief in favor of the petitioner. en-us Mon, 16 Dec 2019 00:00:00 +0530 Wed, 15 Jan 2020 06:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390950 The Court held that the reassessment proceedings initiated against the petitioner, a Private Limited Company, were invalid due to lack of proper reasons for reopening under Section 147 of the Income Tax Act, 1961. Emphasizing the necessity of fresh material and approval from the Joint Commissioner, the Court set aside the impugned order and directed the Income Tax Officer to proceed afresh in accordance with the law. The petitioner's objections regarding the procedural irregularities in the reassessment process were upheld, granting relief in favor of the petitioner. Case-Laws Income Tax Mon, 16 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390950