https://www.taxtmi.com/caselaws?id=758500 The HC held that the reopening of a concluded assessment under Section 148, relying on the Supreme Court's decision in Ashish Agarwal, was invalid. The court clarified that Ashish Agarwal did not mandate reopening finalized assessments but addressed procedural issues related to reassessment notices under the amended provisions. Since the assessment had been completed prior to the reassessment notice and order under Section 148-A(d), the reassessment was improperly initiated on the same grounds. Consequently, the HC quashed the reassessment proceedings and ruled in favor of the assessee. en-us Thu, 12 Sep 2024 00:00:00 +0530 Mon, 04 Aug 2025 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758500 The HC held that the reopening of a concluded assessment under Section 148, relying on the Supreme Court's decision in Ashish Agarwal, was invalid. The court clarified that Ashish Agarwal did not mandate reopening finalized assessments but addressed procedural issues related to reassessment notices under the amended provisions. Since the assessment had been completed prior to the reassessment notice and order under Section 148-A(d), the reassessment was improperly initiated on the same grounds. Consequently, the HC quashed the reassessment proceedings and ruled in favor of the assessee. Case-Laws Income Tax Thu, 12 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758500