https://www.taxtmi.com/caselaws?id=303981 The High Court allowed the petition, quashing the notice issued under Section 148 and setting aside the order disposing of objections against the reopening of assessment under Section 147. The court criticized the lack of proper evaluation and flawed reasoning in alleging bogus accommodation entries by the assessee company, highlighting the importance of a reasoned approach to prevent arbitrary actions in tax assessments. The court emphasized adherence to legal principles and procedural fairness, granting the relief sought in the prayer clause and disposing of the petition with no order as to costs. en-us Tue, 22 Mar 2022 00:00:00 +0530 Tue, 30 Aug 2022 08:34:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303981 The High Court allowed the petition, quashing the notice issued under Section 148 and setting aside the order disposing of objections against the reopening of assessment under Section 147. The court criticized the lack of proper evaluation and flawed reasoning in alleging bogus accommodation entries by the assessee company, highlighting the importance of a reasoned approach to prevent arbitrary actions in tax assessments. The court emphasized adherence to legal principles and procedural fairness, granting the relief sought in the prayer clause and disposing of the petition with no order as to costs. Case-Laws Income Tax Tue, 22 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303981