https://www.taxtmi.com/caselaws?id=407814 The court upheld the validity of the sanction under Section 151 of the Income Tax Act and found that the reasons for reopening the assessment were accurate and based on a reasonable belief. It concluded that there was a nexus between the information received and the material gathered, justifying the reopening. The court dismissed the writ application, affirming that the Assessing Officer had sufficient grounds to believe that income had escaped assessment, and the reopening was not merely for inquiry but based on justified reasons. en-us Mon, 15 Mar 2021 00:00:00 +0530 Fri, 21 May 2021 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407814 The court upheld the validity of the sanction under Section 151 of the Income Tax Act and found that the reasons for reopening the assessment were accurate and based on a reasonable belief. It concluded that there was a nexus between the information received and the material gathered, justifying the reopening. The court dismissed the writ application, affirming that the Assessing Officer had sufficient grounds to believe that income had escaped assessment, and the reopening was not merely for inquiry but based on justified reasons. Case-Laws Income Tax Mon, 15 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407814