https://www.taxtmi.com/caselaws?id=405685 The court upheld the validity of the notice issued under Section 148 of the Income Tax Act to reopen the assessment for the Assessment Year 2012-13. It found that the Assessing Officer had valid reasons to believe that income had escaped assessment based on fresh, specific, and reliable information obtained after the original assessment. The court also deemed the sanction granted under Section 151 to be valid. As a result, the writ application challenging the notice was rejected, and the court dismissed both connected writ applications. en-us Wed, 20 Jan 2021 00:00:00 +0530 Thu, 25 Mar 2021 09:32:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405685 The court upheld the validity of the notice issued under Section 148 of the Income Tax Act to reopen the assessment for the Assessment Year 2012-13. It found that the Assessing Officer had valid reasons to believe that income had escaped assessment based on fresh, specific, and reliable information obtained after the original assessment. The court also deemed the sanction granted under Section 151 to be valid. As a result, the writ application challenging the notice was rejected, and the court dismissed both connected writ applications. Case-Laws Income Tax Wed, 20 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405685