https://www.taxtmi.com/article/detailed?id=7632 The assessing officer obtained registrar records and co-owner assessment documents showing the assessee sold her half-share and received proceeds; these constituted tangible material justifying reasons for reopening. The assessee had filed no return for the year and had not disclosed the sale or claimed non-taxability; instead of filing a return and making claims, she challenged the notice. Courts found that where the officer has tangible material to form a bonafide belief that income escaped assessment, the notice for reassessment is valid and the proper course for the assessee is to file a return and raise contentions during assessment. en-us Wed, 27 Sep 2017 09:07:04 +0530 Wed, 27 Sep 2017 09:07:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7632 The assessing officer obtained registrar records and co-owner assessment documents showing the assessee sold her half-share and received proceeds; these constituted tangible material justifying reasons for reopening. The assessee had filed no return for the year and had not disclosed the sale or claimed non-taxability; instead of filing a return and making claims, she challenged the notice. Courts found that where the officer has tangible material to form a bonafide belief that income escaped assessment, the notice for reassessment is valid and the proper course for the assessee is to file a return and raise contentions during assessment. Articles Income Tax Wed, 27 Sep 2017 09:07:04 +0530 https://www.taxtmi.com/article/detailed?id=7632