https://www.taxtmi.com/caselaws?id=391173 The court upheld the validity of the reassessment proceedings under the Income Tax Act, 1961. It found that the reasons for reassessment were adequate and based on credible information, leading to the conclusion that the assessee had concealed capital gains. The court confirmed that the mandatory prior approval under Section 151 was obtained, rejecting the argument to the contrary. Additionally, it ruled that the assessee was entitled to receive a copy of the approval order. The court dismissed the petition, finding no flaws in the reassessment process. en-us Fri, 17 Jan 2020 00:00:00 +0530 Mon, 18 May 2020 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391173 The court upheld the validity of the reassessment proceedings under the Income Tax Act, 1961. It found that the reasons for reassessment were adequate and based on credible information, leading to the conclusion that the assessee had concealed capital gains. The court confirmed that the mandatory prior approval under Section 151 was obtained, rejecting the argument to the contrary. Additionally, it ruled that the assessee was entitled to receive a copy of the approval order. The court dismissed the petition, finding no flaws in the reassessment process. Case-Laws Income Tax Fri, 17 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391173