https://www.taxtmi.com/caselaws?id=5925 The court upheld the notice issued under Section 147 of the Income-tax Act, 1961, for the reopening of a completed assessment. The revised return disclosing higher income, received after the original assessment, provided valid grounds for the reassessment. The Division Bench affirmed the Income-tax Officer's jurisdiction to issue the notice based on the new information, dismissing the appeal and emphasizing that the sufficiency of reasons for reopening is not subject to scrutiny as long as they are rationally connected to the belief of income escapement. en-us Wed, 19 Mar 1986 00:00:00 +0530 Mon, 09 Jan 2017 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5925 The court upheld the notice issued under Section 147 of the Income-tax Act, 1961, for the reopening of a completed assessment. The revised return disclosing higher income, received after the original assessment, provided valid grounds for the reassessment. The Division Bench affirmed the Income-tax Officer's jurisdiction to issue the notice based on the new information, dismissing the appeal and emphasizing that the sufficiency of reasons for reopening is not subject to scrutiny as long as they are rationally connected to the belief of income escapement. Case-Laws Income Tax Wed, 19 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5925