https://www.taxtmi.com/caselaws?id=771531 HC analyzed the validity of income tax reassessment notices for AY 2018-19. The court found the Assessing Officer's reopening of assessment legally valid, based on verifiable information from a third-party statement admitting bogus transactions and corroborating evidence in the petitioner's own books. The court rejected challenges to procedural safeguards, holding that the petitioner was provided opportunity to respond and the information justified reassessment. The petition was dismissed as lacking merit. en-us Wed, 21 May 2025 00:00:00 +0530 Tue, 27 May 2025 08:32:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771531 HC analyzed the validity of income tax reassessment notices for AY 2018-19. The court found the Assessing Officer's reopening of assessment legally valid, based on verifiable information from a third-party statement admitting bogus transactions and corroborating evidence in the petitioner's own books. The court rejected challenges to procedural safeguards, holding that the petitioner was provided opportunity to respond and the information justified reassessment. The petition was dismissed as lacking merit. Case-Laws Income Tax Wed, 21 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771531