https://www.taxtmi.com/caselaws?id=13103 The court upheld the validity of the notice to the petitioner for reopening assessment for the assessment year 1998-99, finding that the Assessing Officer had prima facie reason to believe that income had escaped assessment based on the excise duty claimed as a deduction. The court emphasized it was not deciding on the allowance of the deduction or tax liability but assessing the basis for the officer's belief. The court dismissed the writ petition, stating the petitioner's claim had not been rejected, and objections would be considered, with no grounds for interference found. The petitioner was not awarded costs. en-us Fri, 20 Jul 2001 00:00:00 +0530 Tue, 26 May 2009 13:43:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13103 The court upheld the validity of the notice to the petitioner for reopening assessment for the assessment year 1998-99, finding that the Assessing Officer had prima facie reason to believe that income had escaped assessment based on the excise duty claimed as a deduction. The court emphasized it was not deciding on the allowance of the deduction or tax liability but assessing the basis for the officer's belief. The court dismissed the writ petition, stating the petitioner's claim had not been rejected, and objections would be considered, with no grounds for interference found. The petitioner was not awarded costs. Case-Laws Income Tax Fri, 20 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13103