https://www.taxtmi.com/caselaws?id=407813 The court upheld the reopening of the assessment under Section 147 of the Income Tax Act, finding that there was sufficient material for the Assessing Officer to initiate proceedings. It was determined that the reasons for reopening were valid, and the Assessing Officer had independently assessed the information before forming a belief that income had escaped assessment. The court dismissed the writ application, affirming the jurisdiction of the Assessing Officer and rejecting the petitioner's contentions as lacking merit. en-us Mon, 15 Mar 2021 00:00:00 +0530 Fri, 21 May 2021 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407813 The court upheld the reopening of the assessment under Section 147 of the Income Tax Act, finding that there was sufficient material for the Assessing Officer to initiate proceedings. It was determined that the reasons for reopening were valid, and the Assessing Officer had independently assessed the information before forming a belief that income had escaped assessment. The court dismissed the writ application, affirming the jurisdiction of the Assessing Officer and rejecting the petitioner's contentions as lacking merit. Case-Laws Income Tax Mon, 15 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407813