https://www.taxtmi.com/caselaws?id=442640 The HC quashed the notice issued under Section 148 of the Income Tax Act, 1961, for reopening the assessment for the year 2012-13, citing a lack of new material and improper application of mind by the respondent. The court found that the petitioner had disclosed all relevant facts during the initial assessment, rendering the reasons for reopening invalid. The impugned notice and the order rejecting the objections were set aside, with the rule made absolute and no order as to costs. en-us Tue, 29 Aug 2023 00:00:00 +0530 Fri, 25 Oct 2024 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442640 The HC quashed the notice issued under Section 148 of the Income Tax Act, 1961, for reopening the assessment for the year 2012-13, citing a lack of new material and improper application of mind by the respondent. The court found that the petitioner had disclosed all relevant facts during the initial assessment, rendering the reasons for reopening invalid. The impugned notice and the order rejecting the objections were set aside, with the rule made absolute and no order as to costs. Case-Laws Income Tax Tue, 29 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442640