https://www.taxtmi.com/caselaws?id=11214 The court dismissed the writ petition challenging the initiation of proceedings under section 147 of the Income-tax Act, 1961. It held that the reassessment was justified as subsequent specific information contradicted the original disclosure, supporting the formation of a "reason to believe" by the Assessing Officer. The court emphasized that its decision only pertained to the initiation of proceedings, leaving the assessment of merits to the Assessing Officer based on evidence. Additionally, a miscellaneous application regarding the Deputy Director of Investigation's report was deemed untimely, emphasizing the petitioner's right to be confronted with all material during assessment proceedings. en-us Fri, 26 Mar 2004 00:00:00 +0530 Sat, 01 Aug 2009 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11214 The court dismissed the writ petition challenging the initiation of proceedings under section 147 of the Income-tax Act, 1961. It held that the reassessment was justified as subsequent specific information contradicted the original disclosure, supporting the formation of a "reason to believe" by the Assessing Officer. The court emphasized that its decision only pertained to the initiation of proceedings, leaving the assessment of merits to the Assessing Officer based on evidence. Additionally, a miscellaneous application regarding the Deputy Director of Investigation's report was deemed untimely, emphasizing the petitioner's right to be confronted with all material during assessment proceedings. Case-Laws Income Tax Fri, 26 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11214