https://www.taxtmi.com/caselaws?id=16285 The court dismissed the writ petition challenging the notice under Section 148 of the Income-tax Act, 1961, and subsequent assessment proceedings. It held that the reopening of assessment was justified as income chargeable to tax had escaped assessment, and the Assessing Officer's belief was reasonable. The court emphasized that it is not within its purview to investigate the sufficiency or correctness of the materials leading to the notice, affirming the validity of the notice and sanction obtained for reassessment. en-us Mon, 31 Aug 1998 00:00:00 +0530 Sat, 05 Sep 2009 16:20:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16285 The court dismissed the writ petition challenging the notice under Section 148 of the Income-tax Act, 1961, and subsequent assessment proceedings. It held that the reopening of assessment was justified as income chargeable to tax had escaped assessment, and the Assessing Officer's belief was reasonable. The court emphasized that it is not within its purview to investigate the sufficiency or correctness of the materials leading to the notice, affirming the validity of the notice and sanction obtained for reassessment. Case-Laws Income Tax Mon, 31 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16285