https://www.taxtmi.com/caselaws?id=303852 The court held that the notice issued under section 148 of the Income Tax Act for reassessment of income for the assessment year 2010-2011 was not legally sustainable. The court found discrepancies in the reasons cited for reopening the assessment, specifically regarding the alleged non-filing of the return and concealment of income. Consequently, the court set aside the notice and the consequential order, emphasizing the importance of adherence to legal procedures and the requirement for clear and valid reasons for initiating reassessment proceedings under the Income Tax Act. en-us Mon, 02 Dec 2019 00:00:00 +0530 Sat, 20 Aug 2022 08:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303852 The court held that the notice issued under section 148 of the Income Tax Act for reassessment of income for the assessment year 2010-2011 was not legally sustainable. The court found discrepancies in the reasons cited for reopening the assessment, specifically regarding the alleged non-filing of the return and concealment of income. Consequently, the court set aside the notice and the consequential order, emphasizing the importance of adherence to legal procedures and the requirement for clear and valid reasons for initiating reassessment proceedings under the Income Tax Act. Case-Laws Income Tax Mon, 02 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303852