https://www.taxtmi.com/caselaws?id=405581 The court quashed the notice issued under section 148 of the Income Tax Act, 1961, for reopening the assessment for the year 2011-2012. The court found discrepancies in the reasons recorded by the Assessing Officer, lack of proper application of mind, and inadequacy of evidence supporting the reopening. The court concluded that the notice was based on assumptions and lacked proper evidence, ultimately setting it aside. en-us Fri, 19 Mar 2021 00:00:00 +0530 Fri, 02 Jul 2021 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405581 The court quashed the notice issued under section 148 of the Income Tax Act, 1961, for reopening the assessment for the year 2011-2012. The court found discrepancies in the reasons recorded by the Assessing Officer, lack of proper application of mind, and inadequacy of evidence supporting the reopening. The court concluded that the notice was based on assumptions and lacked proper evidence, ultimately setting it aside. Case-Laws Income Tax Fri, 19 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405581