https://www.taxtmi.com/caselaws?id=391082 The court upheld the jurisdiction of the Assistant Commissioner of Income Tax to reopen the assessment after four years, finding compliance with procedural requirements under Sections 147, 148, 149, and 151 of the Income Tax Act. The court deemed the reasons for believing income had escaped assessment as valid, rejecting the petitioner's challenges. It ruled that the writ petition was not maintainable due to the availability of statutory remedies and dismissed the petition, emphasizing the need for the petitioner to address grievances through proper channels during reassessment proceedings. en-us Tue, 24 Dec 2019 00:00:00 +0530 Mon, 09 Nov 2020 16:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391082 The court upheld the jurisdiction of the Assistant Commissioner of Income Tax to reopen the assessment after four years, finding compliance with procedural requirements under Sections 147, 148, 149, and 151 of the Income Tax Act. The court deemed the reasons for believing income had escaped assessment as valid, rejecting the petitioner's challenges. It ruled that the writ petition was not maintainable due to the availability of statutory remedies and dismissed the petition, emphasizing the need for the petitioner to address grievances through proper channels during reassessment proceedings. Case-Laws Income Tax Tue, 24 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391082