https://www.taxtmi.com/caselaws?id=420162 The court granted the petitioner's request for a writ of certiorari to quash the notice issued under Section 148 of the Income Tax Act for the assessment year 2017-18. The court found that the notice was solely based on the husband's retracted statement about income suppression, lacking any other justification for reopening the assessment. Similarly, the court set aside the order rejecting objections and invoking Section 147 of the Act, as the retracted statement did not provide sufficient grounds for reassessment. Ultimately, the court ruled in favor of the petitioner, setting aside both the impugned order and notice. en-us Wed, 16 Feb 2022 00:00:00 +0530 Mon, 28 Mar 2022 08:24:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420162 The court granted the petitioner's request for a writ of certiorari to quash the notice issued under Section 148 of the Income Tax Act for the assessment year 2017-18. The court found that the notice was solely based on the husband's retracted statement about income suppression, lacking any other justification for reopening the assessment. Similarly, the court set aside the order rejecting objections and invoking Section 147 of the Act, as the retracted statement did not provide sufficient grounds for reassessment. Ultimately, the court ruled in favor of the petitioner, setting aside both the impugned order and notice. Case-Laws Income Tax Wed, 16 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420162