https://www.taxtmi.com/caselaws?id=329338 The court upheld the validity of re-opening the assessment under Section 147 of the Income Tax Act, finding the reasons recorded by the Assessing Officer adequate and noting a lack of full and true disclosure by the petitioner. The court dismissed the petition challenging the re-opening of the assessment for the assessment year 2008-2009, citing the necessity for the Assessing Officer to have a reason to believe that income had escaped assessment, as established in previous case law. en-us Wed, 22 Jun 2016 00:00:00 +0530 Wed, 29 Jun 2016 20:42:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329338 The court upheld the validity of re-opening the assessment under Section 147 of the Income Tax Act, finding the reasons recorded by the Assessing Officer adequate and noting a lack of full and true disclosure by the petitioner. The court dismissed the petition challenging the re-opening of the assessment for the assessment year 2008-2009, citing the necessity for the Assessing Officer to have a reason to believe that income had escaped assessment, as established in previous case law. Case-Laws Income Tax Wed, 22 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329338