https://www.taxtmi.com/caselaws?id=179417 The Court dismissed the Petition challenging the legality of a notice issued under section 148 of the Income Tax Act, 1961, for reopening the assessment. It held that the Assessing Officer had jurisdiction based on tangible material, not a mere change of opinion, to believe that income had escaped assessment. The Court found that the reasons for reopening the assessment were valid, including unapportioned claim recovery and prior period expenses. The Assessing Officer's actions were deemed within jurisdiction, and the Petition was not granted relief under Article 226 of the Constitution. en-us Thu, 10 Jan 2013 00:00:00 +0530 Mon, 21 Aug 2023 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179417 The Court dismissed the Petition challenging the legality of a notice issued under section 148 of the Income Tax Act, 1961, for reopening the assessment. It held that the Assessing Officer had jurisdiction based on tangible material, not a mere change of opinion, to believe that income had escaped assessment. The Court found that the reasons for reopening the assessment were valid, including unapportioned claim recovery and prior period expenses. The Assessing Officer's actions were deemed within jurisdiction, and the Petition was not granted relief under Article 226 of the Constitution. Case-Laws Income Tax Thu, 10 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179417