https://www.taxtmi.com/caselaws?id=443366 The HC set aside the reopening notices dated 25th March 2014 and the consequential orders rejecting objections, finding insufficient application of mind by the AO. The court held that the reasons recorded lacked a reasonable belief of income escaping assessment, deeming them inadequate and indicative of a fishing inquiry. The petitions were allowed, and the rule was made absolute. en-us Fri, 15 Sep 2023 00:00:00 +0530 Mon, 06 May 2024 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443366 The HC set aside the reopening notices dated 25th March 2014 and the consequential orders rejecting objections, finding insufficient application of mind by the AO. The court held that the reasons recorded lacked a reasonable belief of income escaping assessment, deeming them inadequate and indicative of a fishing inquiry. The petitions were allowed, and the rule was made absolute. Case-Laws Income Tax Fri, 15 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443366