https://www.taxtmi.com/caselaws?id=416327 The court quashed the notice and order issued by the Respondents in a case involving incorrect statements in an Affidavit-in-Reply by an Assistant Commissioner of Income Tax, lack of independent belief formation for re-opening assessment, delay in filing the Affidavit-in-Reply, rejection of objections by the Petitioner, re-assessment based on a change of opinion without new material facts, and failure to disclose all material facts. The court ruled in favor of the Petitioner, emphasizing the importance of following legal procedures and providing valid grounds for re-opening assessments. The Petition was allowed with no order as to costs. en-us Tue, 21 Dec 2021 00:00:00 +0530 Wed, 10 May 2023 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416327 The court quashed the notice and order issued by the Respondents in a case involving incorrect statements in an Affidavit-in-Reply by an Assistant Commissioner of Income Tax, lack of independent belief formation for re-opening assessment, delay in filing the Affidavit-in-Reply, rejection of objections by the Petitioner, re-assessment based on a change of opinion without new material facts, and failure to disclose all material facts. The court ruled in favor of the Petitioner, emphasizing the importance of following legal procedures and providing valid grounds for re-opening assessments. The Petition was allowed with no order as to costs. Case-Laws Income Tax Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416327