https://www.taxtmi.com/caselaws?id=292498 The court upheld the validity of the reassessment notice under Section 148 of the Income-tax Act, 1961, for the assessment year 2013-14. It found that the reassessment proceedings were not barred by limitation as the Assessing Officer had sufficient reasons to believe that income exceeding Rs. 2.53 crores had escaped assessment. The court dismissed the writ petition, affirming the validity and justification of the reassessment notice and proceedings. en-us Fri, 20 Dec 2019 00:00:00 +0530 Mon, 28 Dec 2020 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292498 The court upheld the validity of the reassessment notice under Section 148 of the Income-tax Act, 1961, for the assessment year 2013-14. It found that the reassessment proceedings were not barred by limitation as the Assessing Officer had sufficient reasons to believe that income exceeding Rs. 2.53 crores had escaped assessment. The court dismissed the writ petition, affirming the validity and justification of the reassessment notice and proceedings. Case-Laws Income Tax Fri, 20 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292498