https://www.taxtmi.com/caselaws?id=409018 The Court upheld the validity of the notice issued under Section 148 for reopening assessments for two Assessment Years. It was determined that the procedures for reopening assessments were correctly followed, and the reasons provided for reopening met the requirements of Section 147. The Court emphasized that the sufficiency of reasons for reopening could not be assessed in a writ proceeding and that it was within the Assessing Officer's purview during reassessment. As a result, the respondents were allowed to proceed with reassessment, with a direction to complete it within four months. Both Writ Petitions were dismissed, with no costs awarded. en-us Mon, 21 Jun 2021 00:00:00 +0530 Fri, 22 Oct 2021 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409018 The Court upheld the validity of the notice issued under Section 148 for reopening assessments for two Assessment Years. It was determined that the procedures for reopening assessments were correctly followed, and the reasons provided for reopening met the requirements of Section 147. The Court emphasized that the sufficiency of reasons for reopening could not be assessed in a writ proceeding and that it was within the Assessing Officer's purview during reassessment. As a result, the respondents were allowed to proceed with reassessment, with a direction to complete it within four months. Both Writ Petitions were dismissed, with no costs awarded. Case-Laws Income Tax Mon, 21 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409018