Learning from recently reported judgment in case of M/S. PASARI CASTING AND ROLLING MILLS PRIVATE LTD.

Learning from recently reported judgment in case of M/S. PASARI CASTING AND ROLLING MILLS PRIVATE LTD. https://www.taxtmi.com/article/detailed?id=12328 The petition contested reassessment initiation and consequent orders and demands on grounds that the Assessing Officer's belief under Sections 147/148 was vague, conjectural and lacked bona fides, that procedural irregularities and denial of relevant records deprived the assessee of effective objections, and that differences in wording and failure to specify dates or legal basis (e.g., Section 132(4) v. Section 133A) showed absence of application of mind and a roving inquiry rather than a targeted reassessment. en-us Thu, 15 Feb 2024 11:49:21 +0530 Thu, 15 Feb 2024 11:49:21 +0530 TaxTMI RSS Generator Learning from recently reported judgment in case of M/S. PASARI CASTING AND ROLLING MILLS PRIVATE LTD. https://www.taxtmi.com/article/detailed?id=12328 The petition contested reassessment initiation and consequent orders and demands on grounds that the Assessing Officer's belief under Sections 147/148 was vague, conjectural and lacked bona fides, that procedural irregularities and denial of relevant records deprived the assessee of effective objections, and that differences in wording and failure to specify dates or legal basis (e.g., Section 132(4) v. Section 133A) showed absence of application of mind and a roving inquiry rather than a targeted reassessment. Articles Income Tax Thu, 15 Feb 2024 11:49:21 +0530 https://www.taxtmi.com/article/detailed?id=12328