https://www.taxtmi.com/caselaws?id=416966 The court found discrepancies in the reasons provided for reopening the assessment under Section 148 of the Income Tax Act. It criticized the mechanical approval process under Section 151 and highlighted the lack of application of mind by the authorities. Due to these deficiencies, the court deemed the notice and consequential order unsustainable, ruling in favor of the petitioner and setting aside the impugned notice and order. The judgment emphasized the importance of procedural fairness and adherence to legal standards in the assessment and reassessment processes under the Income Tax Act. en-us Wed, 22 Dec 2021 00:00:00 +0530 Wed, 12 Jan 2022 08:40:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416966 The court found discrepancies in the reasons provided for reopening the assessment under Section 148 of the Income Tax Act. It criticized the mechanical approval process under Section 151 and highlighted the lack of application of mind by the authorities. Due to these deficiencies, the court deemed the notice and consequential order unsustainable, ruling in favor of the petitioner and setting aside the impugned notice and order. The judgment emphasized the importance of procedural fairness and adherence to legal standards in the assessment and reassessment processes under the Income Tax Act. Case-Laws Income Tax Wed, 22 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416966