https://www.taxtmi.com/caselaws?id=416374 The court set aside the notice issued under Section 148 of the Income Tax Act for AY 2012-13, as there was no rational connection between the information received from DDIT and the petitioner. The lack of nexus between the material forming the basis for reopening and the belief of income escapement led to the decision. The judgment highlighted the importance of a valid and reasoned basis for reopening assessments to maintain fairness and legality in the process. en-us Tue, 14 Dec 2021 00:00:00 +0530 Fri, 03 Apr 2026 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416374 The court set aside the notice issued under Section 148 of the Income Tax Act for AY 2012-13, as there was no rational connection between the information received from DDIT and the petitioner. The lack of nexus between the material forming the basis for reopening and the belief of income escapement led to the decision. The judgment highlighted the importance of a valid and reasoned basis for reopening assessments to maintain fairness and legality in the process. Case-Laws Income Tax Tue, 14 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416374