https://www.taxtmi.com/caselaws?id=777821 HC held that the Assessing Officer's conclusion that an entity was bogus merely because it had undergone liquidation was untenable, noting the entity was subsequently purchased and thus prima facie legitimate. The court recorded that the AO acted on information under the CBDT's Risk Management Strategy and followed the Section 148A(1) procedure, and that there was sufficient material to proceed with reassessment. Writ petition allowed. en-us Tue, 02 Sep 2025 00:00:00 +0530 Fri, 05 Sep 2025 08:10:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777821 HC held that the Assessing Officer's conclusion that an entity was bogus merely because it had undergone liquidation was untenable, noting the entity was subsequently purchased and thus prima facie legitimate. The court recorded that the AO acted on information under the CBDT's Risk Management Strategy and followed the Section 148A(1) procedure, and that there was sufficient material to proceed with reassessment. Writ petition allowed. Case-Laws Income Tax Tue, 02 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777821