https://www.taxtmi.com/caselaws?id=307999 The Court ruled in favor of the petitioner, quashing the notice dated 30.03.2021 and the order disposing of objections dated 11.11.2021. The Court found discrepancies in the reasons for reopening the assessment, emphasizing the lack of foundational facts and a valid basis for the notice. Due to the Assessing Officer's failure to demonstrate a proper basis for reopening the assessment, the Court held the notice unsustainable, citing previous judgments. Consequently, the Court allowed the Special Civil Application, quashing the impugned notice and order, and decided not to award costs. en-us Wed, 28 Sep 2022 00:00:00 +0530 Mon, 22 May 2023 20:56:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307999 The Court ruled in favor of the petitioner, quashing the notice dated 30.03.2021 and the order disposing of objections dated 11.11.2021. The Court found discrepancies in the reasons for reopening the assessment, emphasizing the lack of foundational facts and a valid basis for the notice. Due to the Assessing Officer's failure to demonstrate a proper basis for reopening the assessment, the Court held the notice unsustainable, citing previous judgments. Consequently, the Court allowed the Special Civil Application, quashing the impugned notice and order, and decided not to award costs. Case-Laws Income Tax Wed, 28 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307999