https://www.taxtmi.com/caselaws?id=155053 The Tribunal upheld the reopening of assessment under section 147 of the Income-tax Act, finding that the Assessing Officer had applied his mind sufficiently based on the information received from the investigation wing. The notice issued under section 148 was deemed valid as it was supported by relevant information. The case was remanded to the Commissioner of Income-tax (Appeals) for a decision on the appeal's merits. The Revenue's appeal was allowed in favor of the reopening of the assessment. en-us Mon, 31 Oct 2011 00:00:00 +0530 Mon, 23 Nov 2015 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155053 The Tribunal upheld the reopening of assessment under section 147 of the Income-tax Act, finding that the Assessing Officer had applied his mind sufficiently based on the information received from the investigation wing. The notice issued under section 148 was deemed valid as it was supported by relevant information. The case was remanded to the Commissioner of Income-tax (Appeals) for a decision on the appeal's merits. The Revenue's appeal was allowed in favor of the reopening of the assessment. Case-Laws Income Tax Mon, 31 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155053