https://www.taxtmi.com/caselaws?id=337647 The court upheld the validity of the reopening of assessments under Section 147 of the Income Tax Act, finding that the department had valid reasons to believe that income had escaped assessment due to non-disclosure of material facts by the petitioner. The court also determined that passing a composite order combining reasons for reopening and reassessment did not inherently prejudice the petitioner's rights. The court dismissed the writ petition, granting the petitioner liberty to appeal the assessment orders before the competent appellate authority, with the period during the writ petition pending excluded from the limitation period for filing the appeal. en-us Wed, 07 Dec 2016 00:00:00 +0530 Tue, 09 May 2017 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337647 The court upheld the validity of the reopening of assessments under Section 147 of the Income Tax Act, finding that the department had valid reasons to believe that income had escaped assessment due to non-disclosure of material facts by the petitioner. The court also determined that passing a composite order combining reasons for reopening and reassessment did not inherently prejudice the petitioner's rights. The court dismissed the writ petition, granting the petitioner liberty to appeal the assessment orders before the competent appellate authority, with the period during the writ petition pending excluded from the limitation period for filing the appeal. Case-Laws Income Tax Wed, 07 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337647