https://www.taxtmi.com/caselaws?id=435100 The court set aside the notice dated 31st March 2021 and the order dated 11th March 2022, declaring the reopening of the assessment for the 2016-17 year unjustified due to the lack of new tangible material and vague reasons. The court found procedural non-compliance, as the reasons for reopening were inadequately verified and lacked substantive detail, leading to a potential fishing enquiry. Consequently, the writ petition was allowed, and all consequential proceedings were stayed, with no order as to costs. en-us Wed, 08 Mar 2023 00:00:00 +0530 Mon, 27 Nov 2023 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435100 The court set aside the notice dated 31st March 2021 and the order dated 11th March 2022, declaring the reopening of the assessment for the 2016-17 year unjustified due to the lack of new tangible material and vague reasons. The court found procedural non-compliance, as the reasons for reopening were inadequately verified and lacked substantive detail, leading to a potential fishing enquiry. Consequently, the writ petition was allowed, and all consequential proceedings were stayed, with no order as to costs. Case-Laws Income Tax Wed, 08 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435100