https://www.taxtmi.com/caselaws?id=348278 The court dismissed the petition challenging the notice to reopen assessment for the year 2009-10, ruling that the Assessing Officer had valid reasons to believe income had escaped assessment due to non-disclosure of dubious transactions with S.R. Sales Corporation. The court emphasized that the sufficiency of material is not evaluated at the notice stage but whether there is information for a bona fide belief of escaped income. The petition was dismissed, and no observations were made affecting the pending reassessment. en-us Mon, 11 Sep 2017 00:00:00 +0530 Tue, 19 Sep 2017 10:22:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348278 The court dismissed the petition challenging the notice to reopen assessment for the year 2009-10, ruling that the Assessing Officer had valid reasons to believe income had escaped assessment due to non-disclosure of dubious transactions with S.R. Sales Corporation. The court emphasized that the sufficiency of material is not evaluated at the notice stage but whether there is information for a bona fide belief of escaped income. The petition was dismissed, and no observations were made affecting the pending reassessment. Case-Laws Income Tax Mon, 11 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348278