https://www.taxtmi.com/caselaws?id=337820 The Court upheld the validity of the reassessment order under Section 148 of the Income Tax Act, 1961, finding that the Assessing Officer had sufficient information to form an opinion on income escaping assessment. Despite the petitioner's objections, the Court determined that the reassessment was valid as the petitioner either waived or withdrew their objections during the proceedings. The Court dismissed the writ petition, concluding that the essential conditions for invoking Section 148 were met, and no merit was found in the petitioner's arguments. WP No. 1156 of 2016 was dismissed with no order as to costs. en-us Wed, 11 Jan 2017 00:00:00 +0530 Wed, 15 Mar 2017 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337820 The Court upheld the validity of the reassessment order under Section 148 of the Income Tax Act, 1961, finding that the Assessing Officer had sufficient information to form an opinion on income escaping assessment. Despite the petitioner's objections, the Court determined that the reassessment was valid as the petitioner either waived or withdrew their objections during the proceedings. The Court dismissed the writ petition, concluding that the essential conditions for invoking Section 148 were met, and no merit was found in the petitioner's arguments. WP No. 1156 of 2016 was dismissed with no order as to costs. Case-Laws Income Tax Wed, 11 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337820