https://www.taxtmi.com/caselaws?id=212853 The court upheld the re-opening of assessment for a Private Limited Company under Section 148 of the Income Tax Act. Despite objections regarding the legitimacy of share capital sources, the court found a valid nexus between the material gathered from the Investigation Wing and the reasons for re-assessment. The court dismissed the writ petition, affirming the Assessing Officer's belief of income escaping assessment due to discrepancies in share capital details and lack of full disclosure by the petitioner. en-us Mon, 23 Apr 2012 00:00:00 +0530 Tue, 16 Jun 2026 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212853 The court upheld the re-opening of assessment for a Private Limited Company under Section 148 of the Income Tax Act. Despite objections regarding the legitimacy of share capital sources, the court found a valid nexus between the material gathered from the Investigation Wing and the reasons for re-assessment. The court dismissed the writ petition, affirming the Assessing Officer's belief of income escaping assessment due to discrepancies in share capital details and lack of full disclosure by the petitioner. Case-Laws Income Tax Mon, 23 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212853