https://www.taxtmi.com/caselaws?id=359881 The court upheld the validity of the re-assessment notice issued under Section 148 of the Income Tax Act, 1961, finding that the Assessing Officer had valid reasons to believe that income had escaped assessment. The court also determined that the satisfaction recorded by the Principal Commissioner was not mechanical, and the Assessing Officer had independently applied his mind to the material before initiating proceedings. Consequently, the writ petition challenging the re-assessment was dismissed. en-us Fri, 27 Apr 2018 00:00:00 +0530 Thu, 19 Jul 2018 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359881 The court upheld the validity of the re-assessment notice issued under Section 148 of the Income Tax Act, 1961, finding that the Assessing Officer had valid reasons to believe that income had escaped assessment. The court also determined that the satisfaction recorded by the Principal Commissioner was not mechanical, and the Assessing Officer had independently applied his mind to the material before initiating proceedings. Consequently, the writ petition challenging the re-assessment was dismissed. Case-Laws Income Tax Fri, 27 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359881