https://www.taxtmi.com/caselaws?id=432534 The High Court upheld the decision that the assessing officer did not have sufficient grounds to reopen assessments for the years 2009-10 and 2012-13 due to lack of concrete evidence or material connecting the assessee to alleged wrongdoing. The Court found that the reassessment was without jurisdiction and based on a change of opinion rather than new material. The appeal by the revenue was dismissed, affirming the Tribunal's findings of invalidity in reopening assessments for both years, leading to the closure of the stay application. en-us Tue, 03 Jan 2023 00:00:00 +0530 Sat, 07 Jan 2023 08:49:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432534 The High Court upheld the decision that the assessing officer did not have sufficient grounds to reopen assessments for the years 2009-10 and 2012-13 due to lack of concrete evidence or material connecting the assessee to alleged wrongdoing. The Court found that the reassessment was without jurisdiction and based on a change of opinion rather than new material. The appeal by the revenue was dismissed, affirming the Tribunal's findings of invalidity in reopening assessments for both years, leading to the closure of the stay application. Case-Laws Income Tax Tue, 03 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432534