https://www.taxtmi.com/caselaws?id=420252 The Court found that the notices issued under Section 148 of the Income Tax Act and orders disposing of objections for the Assessment Years 2016-17 & 2017-18 were valid. The petitioner's arguments regarding exemption of income under relevant sections were noted, and the Court directed the Assessing Officer to consider these contentions during reassessment. The Court emphasized that the sufficiency of material is not to be assessed at the notice issuance stage. The petitioner was granted the opportunity to challenge the assumptions during reassessment proceedings. The Court disposed of the writ petitions with directions for the reassessment process. en-us Wed, 23 Mar 2022 00:00:00 +0530 Thu, 23 Jun 2022 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420252 The Court found that the notices issued under Section 148 of the Income Tax Act and orders disposing of objections for the Assessment Years 2016-17 & 2017-18 were valid. The petitioner's arguments regarding exemption of income under relevant sections were noted, and the Court directed the Assessing Officer to consider these contentions during reassessment. The Court emphasized that the sufficiency of material is not to be assessed at the notice issuance stage. The petitioner was granted the opportunity to challenge the assumptions during reassessment proceedings. The Court disposed of the writ petitions with directions for the reassessment process. Case-Laws Income Tax Wed, 23 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420252