https://www.taxtmi.com/caselaws?id=190030 Reassessment under section 147(b) requires post-assessment information that leads the Income-tax Officer to reasonably believe income has escaped assessment; a municipal intimation showing the original annual value basis was wrong satisfied that test, so reopening was valid. A notice under section 148 is not invalid merely because the assessee is not furnished, before or at issuance, with the reasons or materials forming that belief; any later duty to supply them does not affect the notice itself. The reassessment challenge therefore failed, and the impugned notice was upheld. en-us Thu, 27 Feb 1964 00:00:00 +0530 Wed, 01 Feb 2017 13:50:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190030 Reassessment under section 147(b) requires post-assessment information that leads the Income-tax Officer to reasonably believe income has escaped assessment; a municipal intimation showing the original annual value basis was wrong satisfied that test, so reopening was valid. A notice under section 148 is not invalid merely because the assessee is not furnished, before or at issuance, with the reasons or materials forming that belief; any later duty to supply them does not affect the notice itself. The reassessment challenge therefore failed, and the impugned notice was upheld. Case-Laws Income Tax Thu, 27 Feb 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190030