https://www.taxtmi.com/caselaws?id=434881 The HC set aside the reassessment proceedings under Section 147, finding an error apparent on the face of the record: objections were rejected without application of mind, the order relied on a wrong bank and account number for alleged cash deposits, and the respondent impermissibly sought to rely on different material in its counter. The court held the counter cannot be used to cure defects in the reasons for reassessment. The HC permitted the respondent to initiate fresh assessment only if valid reasons or circumstances supporting reassessment are properly recorded. en-us Tue, 07 Feb 2023 00:00:00 +0530 Fri, 19 Sep 2025 15:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434881 The HC set aside the reassessment proceedings under Section 147, finding an error apparent on the face of the record: objections were rejected without application of mind, the order relied on a wrong bank and account number for alleged cash deposits, and the respondent impermissibly sought to rely on different material in its counter. The court held the counter cannot be used to cure defects in the reasons for reassessment. The HC permitted the respondent to initiate fresh assessment only if valid reasons or circumstances supporting reassessment are properly recorded. Case-Laws Income Tax Tue, 07 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434881