https://www.taxtmi.com/caselaws?id=409222 The court ruled in favor of the writ applicant, finding that the notices issued under Section 148 of the Income Tax Act, seeking to reopen the income tax assessments for specific years, were unjustified. The reasons recorded for reopening the assessments were deemed vague and based on suspicion, not meeting the legal requirements. Additionally, the court held that the Assessing Officer did not have sufficient material to form a belief that income had escaped assessment, and conducting fishing and roving inquiries through reassessment was impermissible. Consequently, the court allowed the writ applications, setting aside the notices without imposing any costs. en-us Fri, 11 Jun 2021 00:00:00 +0530 Fri, 02 Jul 2021 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409222 The court ruled in favor of the writ applicant, finding that the notices issued under Section 148 of the Income Tax Act, seeking to reopen the income tax assessments for specific years, were unjustified. The reasons recorded for reopening the assessments were deemed vague and based on suspicion, not meeting the legal requirements. Additionally, the court held that the Assessing Officer did not have sufficient material to form a belief that income had escaped assessment, and conducting fishing and roving inquiries through reassessment was impermissible. Consequently, the court allowed the writ applications, setting aside the notices without imposing any costs. Case-Laws Income Tax Fri, 11 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409222