https://www.taxtmi.com/highlights?id=66850 Reopening of assessment u/s 147 - validity of second show cause notice - The subsequent issuance of the notice cannot be said to be dropping the earlier show cause notice as observed and held by the High Court. The reasons to reopen the assessment for the A.Y. 2008-09 were already furnished after the first show cause notice which ought to have been considered by the High Court. However, the High Court has considered the reasons recorded after the second show cause notice which was not required to be considered at all. - SC en-us Wed, 30 Nov 2022 07:29:35 +0530 Wed, 30 Nov 2022 07:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66850 Reopening of assessment u/s 147 - validity of second show cause notice - The subsequent issuance of the notice cannot be said to be dropping the earlier show cause notice as observed and held by the High Court. The reasons to reopen the assessment for the A.Y. 2008-09 were already furnished after the first show cause notice which ought to have been considered by the High Court. However, the High Court has considered the reasons recorded after the second show cause notice which was not required to be considered at all. - SC Highlights Income Tax Wed, 30 Nov 2022 07:29:35 +0530 https://www.taxtmi.com/highlights?id=66850