2022 (4) TMI 1635 - HC - Indian Laws

Quashing the Impugned Order and letter related to reassessment proceedings due to lack of merit in the reasons for reopening - HELD THAT - Since the letter itself says that the Tax Evasion Petition in this case was also closed and the information was general in nature and devoid of any merit and there fore, nonactionable, the entire basis of the reasons recorded for reopening collapses. Petition disposed off.

Summary

The High Court of Bombay allowed the petition filed by the Petitioner, quashing the Impugned Order and letter related to reassessment proceedings due to lack of merit in the reasons for reopening. Petition was disposed. (Case citation: TMI)