https://www.taxtmi.com/caselaws?id=443420 The High Court of Bombay quashed the notices issued under Section 148 of the Income Tax Act, 1961, as they were inconsistent with the Act and lacked sufficient reasons to believe that income had escaped assessment. The court emphasized the importance of the Assessing Officer's satisfaction in re-opening assessments and held that the notices were issued without proper application of mind. en-us Fri, 15 Sep 2023 00:00:00 +0530 Sat, 23 Sep 2023 08:37:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443420 The High Court of Bombay quashed the notices issued under Section 148 of the Income Tax Act, 1961, as they were inconsistent with the Act and lacked sufficient reasons to believe that income had escaped assessment. The court emphasized the importance of the Assessing Officer's satisfaction in re-opening assessments and held that the notices were issued without proper application of mind. Case-Laws Income Tax Fri, 15 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443420