https://www.taxtmi.com/caselaws?id=18216 The High Court dismissed the petitioner's challenge to a reassessment order under section 264 of the Income-tax Act. The court emphasized the need to conclude assessments within the statutory timeframe and discouraged obstruction of proceedings. The petitioner's request to stay the reassessment proceedings was denied, highlighting the burden on the Revenue to prove escaped income during assessment. The court noted the petitioner's attempts to impede the process and affirmed the validity of the proceedings initiated under section 148, ultimately leading to the dismissal of the petitioner's challenge. en-us Mon, 08 Apr 1996 00:00:00 +0530 Tue, 29 Sep 2009 15:24:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18216 The High Court dismissed the petitioner's challenge to a reassessment order under section 264 of the Income-tax Act. The court emphasized the need to conclude assessments within the statutory timeframe and discouraged obstruction of proceedings. The petitioner's request to stay the reassessment proceedings was denied, highlighting the burden on the Revenue to prove escaped income during assessment. The court noted the petitioner's attempts to impede the process and affirmed the validity of the proceedings initiated under section 148, ultimately leading to the dismissal of the petitioner's challenge. Case-Laws Income Tax Mon, 08 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18216