https://www.taxtmi.com/caselaws?id=249522 The court dismissed the petition challenging the reopening of the assessment under Section 148 of the Income Tax Act, 1961. The court found that the reassessment was justified as fresh information obtained during subsequent survey and scrutiny proceedings indicated that income chargeable to tax had escaped assessment due to the petitioner's failure to fully disclose all material facts. The court clarified that its decision was made at the admission stage, allowing the petitioner to contest the reassessment during further proceedings before the Assessing Officer. en-us Wed, 18 Jun 2014 00:00:00 +0530 Wed, 16 Jul 2014 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249522 The court dismissed the petition challenging the reopening of the assessment under Section 148 of the Income Tax Act, 1961. The court found that the reassessment was justified as fresh information obtained during subsequent survey and scrutiny proceedings indicated that income chargeable to tax had escaped assessment due to the petitioner's failure to fully disclose all material facts. The court clarified that its decision was made at the admission stage, allowing the petitioner to contest the reassessment during further proceedings before the Assessing Officer. Case-Laws Income Tax Wed, 18 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249522