https://www.taxtmi.com/caselaws?id=407816 The court upheld the validity of the sanction under Section 151 of the Income Tax Act, finding that the approval was given after due application of mind. It confirmed the factual correctness of the reasons for reopening, emphasizing the AO's specific information and independent inquiries. The court affirmed the existence of a 'reason to believe' that income had escaped assessment, citing relevant precedents. It also established a nexus between the information received and material gathered, rejecting claims of a lack of link. The reopening was deemed permissible based on justified belief, not just for investigation, and not on borrowed satisfaction. Consequently, the writ applications were dismissed. en-us Mon, 15 Mar 2021 00:00:00 +0530 Sat, 22 May 2021 08:25:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407816 The court upheld the validity of the sanction under Section 151 of the Income Tax Act, finding that the approval was given after due application of mind. It confirmed the factual correctness of the reasons for reopening, emphasizing the AO's specific information and independent inquiries. The court affirmed the existence of a 'reason to believe' that income had escaped assessment, citing relevant precedents. It also established a nexus between the information received and material gathered, rejecting claims of a lack of link. The reopening was deemed permissible based on justified belief, not just for investigation, and not on borrowed satisfaction. Consequently, the writ applications were dismissed. Case-Laws Income Tax Mon, 15 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407816