https://www.taxtmi.com/caselaws?id=173752 Reopening of assessment under the Income-tax Act is permissible where the assessing authority retains a bona fide reason to believe that income has escaped assessment, and such reopening may be pursued against a distinct legal entity even if the same income has been assessed in another person's hands; prior assessments of a different person do not automatically preclude reassessment. The proper remedy against any concluded reassessment is the statutory appeal process; a writ seeking to short-circuit the prescribed reassessment and appeal mechanism is not maintainable absent a showing that the assessing authority wholly lacked jurisdiction or had irrevocably decided the matter. en-us Wed, 15 Nov 1961 00:00:00 +0530 Tue, 22 Sep 2015 11:16:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173752 Reopening of assessment under the Income-tax Act is permissible where the assessing authority retains a bona fide reason to believe that income has escaped assessment, and such reopening may be pursued against a distinct legal entity even if the same income has been assessed in another person's hands; prior assessments of a different person do not automatically preclude reassessment. The proper remedy against any concluded reassessment is the statutory appeal process; a writ seeking to short-circuit the prescribed reassessment and appeal mechanism is not maintainable absent a showing that the assessing authority wholly lacked jurisdiction or had irrevocably decided the matter. Case-Laws Income Tax Wed, 15 Nov 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173752