https://www.taxtmi.com/caselaws?id=439312 The Court allowed the petition, quashing the notice issued under Section 148 of the Income Tax Act dated 30.03.2021 and the subsequent order dated 25.02.2022. It ruled that reopening the assessment was impermissible as it was based on information already available during the original assessment, without any new tangible material. The Court held that reopening beyond four years requires new material, which was absent in this case, thereby invalidating the respondents' actions. en-us Tue, 13 Jun 2023 00:00:00 +0530 Wed, 13 Dec 2023 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439312 The Court allowed the petition, quashing the notice issued under Section 148 of the Income Tax Act dated 30.03.2021 and the subsequent order dated 25.02.2022. It ruled that reopening the assessment was impermissible as it was based on information already available during the original assessment, without any new tangible material. The Court held that reopening beyond four years requires new material, which was absent in this case, thereby invalidating the respondents' actions. Case-Laws Income Tax Tue, 13 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439312