https://www.taxtmi.com/caselaws?id=445705 The court allowed the petition, quashing the notice dated 31st March 2021 and the order dated 13th January 2022, which sought to reopen the assessment for the Assessment Year 2016-17. The court recognized that the income of Rs. 43 Crores had already been considered in subsequent assessment years and that there was no change in the tax rate. Consequently, the court issued a writ, and the petition was disposed of with no order as to costs. en-us Tue, 07 Nov 2023 00:00:00 +0530 Fri, 17 Nov 2023 08:41:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445705 The court allowed the petition, quashing the notice dated 31st March 2021 and the order dated 13th January 2022, which sought to reopen the assessment for the Assessment Year 2016-17. The court recognized that the income of Rs. 43 Crores had already been considered in subsequent assessment years and that there was no change in the tax rate. Consequently, the court issued a writ, and the petition was disposed of with no order as to costs. Case-Laws Income Tax Tue, 07 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445705