The HC upheld the tax authority's reopening of assessment under...

The HC upheld the tax authority's reopening of assessment under Section 148A, finding no jurisdictional error. The notice was issued based on information from a search and seizure operation, alleging the assessee was a beneficiary of transactions by another party. Despite challenges by the assessee referencing prior judicial precedents, the court determined the reopening proceedings were valid. The department's reasons for initiating proceedings were distinct from previous assessments, thereby establishing legitimate grounds for reassessment. The intra-court appeal was dismissed, leaving the assessee to pursue available legal remedies under applicable tax provisions.