https://www.taxtmi.com/caselaws?id=360872 The court upheld the validity of the notice to reopen assessment for the assessment year 2010-11, dismissing the petitioner's objections and legal contentions on the taxability of income received from the partnership firm. The Assessing Officer's reasons for reopening the assessment based on unaccounted income were deemed sufficient, emphasizing the duty to establish prima facie evidence of income escapement. The court clarified the Assessing Officer's role in reassessment, focusing on income escapement rather than certainty of additions. The final decision on taxability was left for reassessment proceedings, ultimately leading to the dismissal of the petition challenging the notice. en-us Wed, 07 Mar 2018 00:00:00 +0530 Thu, 24 May 2018 08:20:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360872 The court upheld the validity of the notice to reopen assessment for the assessment year 2010-11, dismissing the petitioner's objections and legal contentions on the taxability of income received from the partnership firm. The Assessing Officer's reasons for reopening the assessment based on unaccounted income were deemed sufficient, emphasizing the duty to establish prima facie evidence of income escapement. The court clarified the Assessing Officer's role in reassessment, focusing on income escapement rather than certainty of additions. The final decision on taxability was left for reassessment proceedings, ultimately leading to the dismissal of the petition challenging the notice. Case-Laws Income Tax Wed, 07 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360872