https://www.taxtmi.com/caselaws?id=360986 The court dismissed the writ petition challenging a notice of re-assessment under Section 148 of the Income Tax Act, 1961 for the Assessment Year 2014-15. The court found that the Assessing Authority had jurisdiction to initiate re-assessment proceedings, the sanction for the notice under Section 148 was valid, and the property was purchased by the petitioner in an individual capacity, not as a trustee/agent for a trust. The petitioner was given the opportunity to raise grievances before the competent authority but the writ petition was ultimately dismissed. en-us Wed, 02 May 2018 00:00:00 +0530 Sat, 26 May 2018 09:31:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360986 The court dismissed the writ petition challenging a notice of re-assessment under Section 148 of the Income Tax Act, 1961 for the Assessment Year 2014-15. The court found that the Assessing Authority had jurisdiction to initiate re-assessment proceedings, the sanction for the notice under Section 148 was valid, and the property was purchased by the petitioner in an individual capacity, not as a trustee/agent for a trust. The petitioner was given the opportunity to raise grievances before the competent authority but the writ petition was ultimately dismissed. Case-Laws Income Tax Wed, 02 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360986