https://www.taxtmi.com/caselaws?id=415885 The court ruled in favor of the petitioner, a private limited company engaged in property development, in a challenge to a notice under Section 148 of the Income Tax Act for reopening the assessment for the Assessment Year 2012-13. The court found that the Assessing Officer lacked tangible material to support the reopening and had exceeded jurisdiction under Sections 147 and 148. Consequently, the court quashed the notice, order, and subsequent notice issued by Respondent No.1 for the said assessment year. en-us Mon, 06 Dec 2021 00:00:00 +0530 Thu, 16 Dec 2021 09:08:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415885 The court ruled in favor of the petitioner, a private limited company engaged in property development, in a challenge to a notice under Section 148 of the Income Tax Act for reopening the assessment for the Assessment Year 2012-13. The court found that the Assessing Officer lacked tangible material to support the reopening and had exceeded jurisdiction under Sections 147 and 148. Consequently, the court quashed the notice, order, and subsequent notice issued by Respondent No.1 for the said assessment year. Case-Laws Income Tax Mon, 06 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415885