https://www.taxtmi.com/caselaws?id=30268 The court ruled in favor of the petitioners in a case challenging the notice seeking to reopen the assessment for the assessment year 1984-85 under Section 148 of the Income Tax Act, 1961. The court found that the reasons provided for reopening the assessment lacked a rational connection to income escapement and were based on surmises and conjectures, disregarding relevant information and production wastage. Additionally, considering past circumstances and successful appeals, the court concluded that the justification for reopening the assessment was insufficient. Consequently, the court granted relief to the petitioners without costs. en-us Tue, 23 Oct 2007 00:00:00 +0530 Thu, 21 Aug 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30268 The court ruled in favor of the petitioners in a case challenging the notice seeking to reopen the assessment for the assessment year 1984-85 under Section 148 of the Income Tax Act, 1961. The court found that the reasons provided for reopening the assessment lacked a rational connection to income escapement and were based on surmises and conjectures, disregarding relevant information and production wastage. Additionally, considering past circumstances and successful appeals, the court concluded that the justification for reopening the assessment was insufficient. Consequently, the court granted relief to the petitioners without costs. Case-Laws Income Tax Tue, 23 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30268