https://www.taxtmi.com/caselaws?id=434298 The High Court set aside the notice under Section 148 and the assessment order for the assessment year 2014-15, finding the reassessment unsustainable due to lack of valid grounds for reopening. The Court emphasized the necessity of clear and substantive reasons for reopening assessments, highlighting the importance of a vital link between reasons and evidence to prevent arbitrary reassessments. Ultimately, the Court allowed the petition, deeming the reassessment proceedings legally unsound. en-us Mon, 20 Feb 2023 00:00:00 +0530 Tue, 21 Feb 2023 08:39:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434298 The High Court set aside the notice under Section 148 and the assessment order for the assessment year 2014-15, finding the reassessment unsustainable due to lack of valid grounds for reopening. The Court emphasized the necessity of clear and substantive reasons for reopening assessments, highlighting the importance of a vital link between reasons and evidence to prevent arbitrary reassessments. Ultimately, the Court allowed the petition, deeming the reassessment proceedings legally unsound. Case-Laws Income Tax Mon, 20 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434298