https://www.taxtmi.com/caselaws?id=769450 HC analyzed the validity of tax reassessment notices under Section 148 for two assessment years. The court found that the reopening notices were invalid because the allegedly escaped income of Rs. 82,16,705/- had already been substantively assessed in a subsequent tax year. The HC quashed both reassessment notices, ruling that the tax authority lacked genuine reasons to believe income had escaped assessment when the same amount was previously taxed. en-us Mon, 21 Apr 2025 00:00:00 +0530 Fri, 25 Apr 2025 08:53:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769450 HC analyzed the validity of tax reassessment notices under Section 148 for two assessment years. The court found that the reopening notices were invalid because the allegedly escaped income of Rs. 82,16,705/- had already been substantively assessed in a subsequent tax year. The HC quashed both reassessment notices, ruling that the tax authority lacked genuine reasons to believe income had escaped assessment when the same amount was previously taxed. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769450