https://www.taxtmi.com/caselaws?id=407961 The court dismissed the writ application, upholding the validity of the sanction under Section 151 of the Income Tax Act and the accuracy of the reasons for reopening the assessment. It found that there was a 'reason to believe' that income chargeable to tax had escaped assessment, with a connection established between the information received and the material gathered. The court deemed the reopening permissible for inquiry and not based on borrowed satisfaction, concluding that the Assessing Officer had sufficient grounds to initiate proceedings under Section 147 of the Act. en-us Mon, 15 Mar 2021 00:00:00 +0530 Thu, 27 May 2021 08:35:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407961 The court dismissed the writ application, upholding the validity of the sanction under Section 151 of the Income Tax Act and the accuracy of the reasons for reopening the assessment. It found that there was a 'reason to believe' that income chargeable to tax had escaped assessment, with a connection established between the information received and the material gathered. The court deemed the reopening permissible for inquiry and not based on borrowed satisfaction, concluding that the Assessing Officer had sufficient grounds to initiate proceedings under Section 147 of the Act. Case-Laws Income Tax Mon, 15 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407961