https://www.taxtmi.com/caselaws?id=408002 The court upheld the validity of notices issued under Section 148 of the Income Tax Act, 1961, finding that the respondents had jurisdiction to initiate assessment proceedings for the assessment year 2006-07. It was determined that the petitioner had a business connection in India through Watanmal India, constituting a permanent establishment under Section 9 of the Act. Additionally, the court found that the procedural requirements under Section 151 were complied with, and the reassessment under Section 147 was deemed valid based on sufficient reasons provided by the respondents. The court dismissed the petitioner's arguments and allowed the assessment proceedings to continue. en-us Wed, 28 Apr 2021 00:00:00 +0530 Fri, 28 May 2021 08:40:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408002 The court upheld the validity of notices issued under Section 148 of the Income Tax Act, 1961, finding that the respondents had jurisdiction to initiate assessment proceedings for the assessment year 2006-07. It was determined that the petitioner had a business connection in India through Watanmal India, constituting a permanent establishment under Section 9 of the Act. Additionally, the court found that the procedural requirements under Section 151 were complied with, and the reassessment under Section 147 was deemed valid based on sufficient reasons provided by the respondents. The court dismissed the petitioner's arguments and allowed the assessment proceedings to continue. Case-Laws Income Tax Wed, 28 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408002