https://www.taxtmi.com/caselaws?id=352318 The court upheld the validity of reassessment notices issued under Sections 147/148 of the Income Tax Act. It found that the Assessing Officer discovered fresh material indicating improper application of accounting standards by the assessee, justifying the reassessment for previous years. The court dismissed the writ petitions challenging the notices, emphasizing that the reassessment was based on new information and the assessee's failure to fully disclose material facts. en-us Fri, 08 Dec 2017 00:00:00 +0530 Thu, 25 Jan 2018 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352318 The court upheld the validity of reassessment notices issued under Sections 147/148 of the Income Tax Act. It found that the Assessing Officer discovered fresh material indicating improper application of accounting standards by the assessee, justifying the reassessment for previous years. The court dismissed the writ petitions challenging the notices, emphasizing that the reassessment was based on new information and the assessee's failure to fully disclose material facts. Case-Laws Income Tax Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352318