https://www.taxtmi.com/caselaws?id=461621 The SC examined the validity of notices under Section 153C of the Income Tax Act for multiple Assessment Years. Finding no specific incriminating material for the years in question, the court quashed the notices. The judgment emphasized that reassessment requires clear evidence likely to impact income computation for each relevant Assessment Year, rejecting blanket assessments without substantive justification. en-us Mon, 13 May 2024 00:00:00 +0530 Wed, 16 Apr 2025 20:54:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461621 The SC examined the validity of notices under Section 153C of the Income Tax Act for multiple Assessment Years. Finding no specific incriminating material for the years in question, the court quashed the notices. The judgment emphasized that reassessment requires clear evidence likely to impact income computation for each relevant Assessment Year, rejecting blanket assessments without substantive justification. Case-Laws Income Tax Mon, 13 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461621