https://www.taxtmi.com/caselaws?id=759092 Karnataka HC quashed reassessment proceedings under Section 147 where officer issued three successive notices without proper application of mind. Despite company filing returns in 2010 and informing department about one-time settlement, officer erroneously concluded no return existed for cross-verification. Court held reasons for reopening were based on borrowed satisfaction from Investigation wing Mumbai, lacking mandatory "reason to believe" standard. Successive Section 148 notices deemed unsustainable. Communication and notices quashed, writ petition allowed. en-us Tue, 27 Aug 2024 00:00:00 +0530 Tue, 24 Sep 2024 09:05:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759092 Karnataka HC quashed reassessment proceedings under Section 147 where officer issued three successive notices without proper application of mind. Despite company filing returns in 2010 and informing department about one-time settlement, officer erroneously concluded no return existed for cross-verification. Court held reasons for reopening were based on borrowed satisfaction from Investigation wing Mumbai, lacking mandatory "reason to believe" standard. Successive Section 148 notices deemed unsustainable. Communication and notices quashed, writ petition allowed. Case-Laws Income Tax Tue, 27 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759092