https://www.taxtmi.com/caselaws?id=354074 The court upheld the legality of the notice issued under Section 148 of the Income Tax Act and the validity of the reassessment proceedings initiated by the Assessing Officer. It found that there was a rational nexus between the reasons recorded and the belief that income had escaped assessment, dismissing the appellant's claims of lack of justification and failure to provide necessary documents. The court determined that the reassessment was not based on a mere change of opinion, concluding that the AO had followed procedural requirements and had sufficient cause to initiate the reassessment. en-us Mon, 18 Dec 2017 00:00:00 +0530 Wed, 17 Jan 2018 12:03:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354074 The court upheld the legality of the notice issued under Section 148 of the Income Tax Act and the validity of the reassessment proceedings initiated by the Assessing Officer. It found that there was a rational nexus between the reasons recorded and the belief that income had escaped assessment, dismissing the appellant's claims of lack of justification and failure to provide necessary documents. The court determined that the reassessment was not based on a mere change of opinion, concluding that the AO had followed procedural requirements and had sufficient cause to initiate the reassessment. Case-Laws Income Tax Mon, 18 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354074