https://www.taxtmi.com/caselaws?id=415259 The High Court quashed the notice issued under Section 148 of the Income Tax Act and the order rejecting the Petitioner's objections. The Court ruled that the Assessing Officer lacked tangible material to justify the reopening of the assessment within four years, emphasizing the requirement of "reason to believe" for such actions and distinguishing between review and reassessment. en-us Tue, 23 Nov 2021 00:00:00 +0530 Wed, 01 Dec 2021 08:50:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415259 The High Court quashed the notice issued under Section 148 of the Income Tax Act and the order rejecting the Petitioner's objections. The Court ruled that the Assessing Officer lacked tangible material to justify the reopening of the assessment within four years, emphasizing the requirement of "reason to believe" for such actions and distinguishing between review and reassessment. Case-Laws Income Tax Tue, 23 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415259