https://www.taxtmi.com/caselaws?id=36424 The court ruled in favor of the assessee, holding that the reopening of the assessment under section 147(a) was not justified. It emphasized the importance of specific references and establishing a clear connection between the assessee's credits and alleged non-genuine transactions to validate such reopening. The court awarded costs to the assessee, including counsel's fee. en-us Wed, 03 Sep 1980 00:00:00 +0530 Mon, 22 Mar 2010 12:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36424 The court ruled in favor of the assessee, holding that the reopening of the assessment under section 147(a) was not justified. It emphasized the importance of specific references and establishing a clear connection between the assessee's credits and alleged non-genuine transactions to validate such reopening. The court awarded costs to the assessee, including counsel's fee. Case-Laws Income Tax Wed, 03 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36424