https://www.taxtmi.com/caselaws?id=408091 The court dismissed the writ application, upholding the validity of the sanction under Section 151 of the Income Tax Act and finding the reasons for reopening the assessment accurate and valid. It determined that there was a proper "reason to believe" that income had escaped assessment based on the received information and independent enquiries conducted by the Assessing Officer. The court established a clear connection between the received information and the gathered material, concluding that the reopening was not based on borrowed satisfaction but on the AO's independent analysis. en-us Mon, 15 Mar 2021 00:00:00 +0530 Mon, 31 May 2021 08:36:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408091 The court dismissed the writ application, upholding the validity of the sanction under Section 151 of the Income Tax Act and finding the reasons for reopening the assessment accurate and valid. It determined that there was a proper "reason to believe" that income had escaped assessment based on the received information and independent enquiries conducted by the Assessing Officer. The court established a clear connection between the received information and the gathered material, concluding that the reopening was not based on borrowed satisfaction but on the AO's independent analysis. Case-Laws Income Tax Mon, 15 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408091