https://www.taxtmi.com/caselaws?id=329808 The court upheld the notice for re-opening the assessment, finding that the Assessing Officer had valid reasons to believe that income had escaped assessment. The court rejected the petitioner's arguments of mechanical recording of reasons and inadequate disposal of objections, emphasizing the need for detailed examination during the assessment process. The court dismissed the petition, allowing the Assessing Officer to scrutinize the transactions during the re-opening process. en-us Mon, 04 Jul 2016 00:00:00 +0530 Sat, 09 Jul 2016 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329808 The court upheld the notice for re-opening the assessment, finding that the Assessing Officer had valid reasons to believe that income had escaped assessment. The court rejected the petitioner's arguments of mechanical recording of reasons and inadequate disposal of objections, emphasizing the need for detailed examination during the assessment process. The court dismissed the petition, allowing the Assessing Officer to scrutinize the transactions during the re-opening process. Case-Laws Income Tax Mon, 04 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329808