https://www.taxtmi.com/caselaws?id=407815 The court dismissed the writ application, upholding the validity of the notice under Section 147 of the Income Tax Act. It found that the assessing officer had valid reasons to believe that income had escaped assessment, supported by credible information and independent verification. The court also determined that the necessary sanction under Section 151 was obtained, rejecting the petitioner's arguments against the reopening of the assessment. en-us Mon, 15 Mar 2021 00:00:00 +0530 Sat, 22 May 2021 08:25:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407815 The court dismissed the writ application, upholding the validity of the notice under Section 147 of the Income Tax Act. It found that the assessing officer had valid reasons to believe that income had escaped assessment, supported by credible information and independent verification. The court also determined that the necessary sanction under Section 151 was obtained, rejecting the petitioner's arguments against the reopening of the assessment. Case-Laws Income Tax Mon, 15 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407815