https://www.taxtmi.com/caselaws?id=405408 The court upheld the legality and validity of the notice issued under Section 148 of the Income Tax Act, 1961, to reopen the assessment for the year 2011-2012. It found that the Assessing Officer had validly formed a belief that income had escaped assessment based on tangible material, satisfying the requirement of "reason to believe" under Section 147 of the Act. The court also determined that the approval under Section 151 was not accorded mechanically and that the objections raised were adequately addressed. Consequently, the court dismissed the writ application, affirming the justification for reopening the assessment. en-us Thu, 18 Feb 2021 00:00:00 +0530 Wed, 04 Aug 2021 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405408 The court upheld the legality and validity of the notice issued under Section 148 of the Income Tax Act, 1961, to reopen the assessment for the year 2011-2012. It found that the Assessing Officer had validly formed a belief that income had escaped assessment based on tangible material, satisfying the requirement of "reason to believe" under Section 147 of the Act. The court also determined that the approval under Section 151 was not accorded mechanically and that the objections raised were adequately addressed. Consequently, the court dismissed the writ application, affirming the justification for reopening the assessment. Case-Laws Income Tax Thu, 18 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405408