https://www.taxtmi.com/caselaws?id=459655 The Gujarat HC held that reopening of assessment for AY 2012-13 was invalid. The court found that the reasons to believe were identical to those in a previous case except for figures, company name (SECL vs SEPCL), and intimation date. The assessment officer relied on borrowed satisfaction without independent application of mind. Following precedent from a similar case, the court ruled the reopening unjustified due to lack of independent reasons and impermissible reliance on borrowed satisfaction, making the rule absolute in favor of the assessee. en-us Mon, 18 Sep 2023 00:00:00 +0530 Fri, 20 Dec 2024 19:51:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459655 The Gujarat HC held that reopening of assessment for AY 2012-13 was invalid. The court found that the reasons to believe were identical to those in a previous case except for figures, company name (SECL vs SEPCL), and intimation date. The assessment officer relied on borrowed satisfaction without independent application of mind. Following precedent from a similar case, the court ruled the reopening unjustified due to lack of independent reasons and impermissible reliance on borrowed satisfaction, making the rule absolute in favor of the assessee. Case-Laws Income Tax Mon, 18 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459655