https://www.taxtmi.com/caselaws?id=8264 The Supreme Court held that the Income-tax Officer had jurisdiction to issue notices for reopening assessments based on undisclosed businesses in benami names leading to under-assessment. The court dismissed the writ petition due to the petitioner's significant delay of almost five years in filing the petition after the issuance of notices in 1965, citing negligence and laches. The court did not address the merits of the case but found the delay prejudicial to the respondents, resulting in the dismissal of the petition without costs awarded. en-us Wed, 03 Feb 1971 00:00:00 +0530 Mon, 06 Apr 2009 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8264 The Supreme Court held that the Income-tax Officer had jurisdiction to issue notices for reopening assessments based on undisclosed businesses in benami names leading to under-assessment. The court dismissed the writ petition due to the petitioner's significant delay of almost five years in filing the petition after the issuance of notices in 1965, citing negligence and laches. The court did not address the merits of the case but found the delay prejudicial to the respondents, resulting in the dismissal of the petition without costs awarded. Case-Laws Income Tax Wed, 03 Feb 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8264