https://www.taxtmi.com/caselaws?id=11052 The court upheld the validity of the notice for reopening the assessment for the year 1958-59 under Section 148 of the Income-tax Act, 1961, based on the confessional statement of Jethanand Madhavdas. The second reopening after the Tribunal's initial set aside was deemed permissible as the Central Board of Direct Taxes sanctioned it, considering all relevant materials. The adequacy of material for reopening was supported by the confessional statement and other documents reviewed by the CBDT. The court concluded that the second reopening was valid, dismissing the appeal and affirming the initial decision without costs. en-us Fri, 03 May 2002 00:00:00 +0530 Thu, 30 Jul 2009 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11052 The court upheld the validity of the notice for reopening the assessment for the year 1958-59 under Section 148 of the Income-tax Act, 1961, based on the confessional statement of Jethanand Madhavdas. The second reopening after the Tribunal's initial set aside was deemed permissible as the Central Board of Direct Taxes sanctioned it, considering all relevant materials. The adequacy of material for reopening was supported by the confessional statement and other documents reviewed by the CBDT. The court concluded that the second reopening was valid, dismissing the appeal and affirming the initial decision without costs. Case-Laws Income Tax Fri, 03 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11052