https://www.taxtmi.com/caselaws?id=434666 The HC ruled in favor of the petitioner, a Deemed University, by quashing the impugned order under Section 148A(d) of the Income Tax Act for the Assessment Year 2015-16. The Court found the respondent's decision to reopen the assessment arbitrary and lacking proper application of mind, given the petitioner's established exemption status in prior and subsequent Assessment Orders. The Court emphasized the petitioner's long-standing exemption eligibility and dismissed the order and notice without costs, allowing the writ petition. en-us Tue, 21 Feb 2023 00:00:00 +0530 Mon, 27 Nov 2023 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434666 The HC ruled in favor of the petitioner, a Deemed University, by quashing the impugned order under Section 148A(d) of the Income Tax Act for the Assessment Year 2015-16. The Court found the respondent's decision to reopen the assessment arbitrary and lacking proper application of mind, given the petitioner's established exemption status in prior and subsequent Assessment Orders. The Court emphasized the petitioner's long-standing exemption eligibility and dismissed the order and notice without costs, allowing the writ petition. Case-Laws Income Tax Tue, 21 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434666