https://www.taxtmi.com/caselaws?id=384463 The court dismissed the writ petitions, upholding the validity of the reassessment proceedings initiated by the Income Tax Department. It was determined that the reassessment pertained to the same entity, and the legal provisions under Section 147/148 of the Income Tax Act were adhered to. The court found that the principle from the Jet Airways case was not applicable as the reassessment was still in the notice stage, based on new material discovered during a survey, and not on a change of opinion. The petitioner was granted the opportunity to present arguments before the assessing authority during the reassessment proceedings. en-us Fri, 19 Jul 2019 00:00:00 +0530 Tue, 13 Aug 2019 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384463 The court dismissed the writ petitions, upholding the validity of the reassessment proceedings initiated by the Income Tax Department. It was determined that the reassessment pertained to the same entity, and the legal provisions under Section 147/148 of the Income Tax Act were adhered to. The court found that the principle from the Jet Airways case was not applicable as the reassessment was still in the notice stage, based on new material discovered during a survey, and not on a change of opinion. The petitioner was granted the opportunity to present arguments before the assessing authority during the reassessment proceedings. Case-Laws Income Tax Fri, 19 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384463