https://www.taxtmi.com/caselaws?id=410908 HC upheld reopening of assessment under s.147, finding the assessee failed to fully and truly disclose material facts and that AO had a reasonable belief, based on inquiries and Investigation Wing findings, that income had escaped assessment. Court held the AO need only form a reason to believe, not prove escapement, and that newly found material justified reopening despite prior scrutiny. The petition under Art.226 was dismissed and the assessment reopening and addition under s.68 were sustained against the assessee. en-us Mon, 09 Aug 2021 00:00:00 +0530 Wed, 01 Oct 2025 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410908 HC upheld reopening of assessment under s.147, finding the assessee failed to fully and truly disclose material facts and that AO had a reasonable belief, based on inquiries and Investigation Wing findings, that income had escaped assessment. Court held the AO need only form a reason to believe, not prove escapement, and that newly found material justified reopening despite prior scrutiny. The petition under Art.226 was dismissed and the assessment reopening and addition under s.68 were sustained against the assessee. Case-Laws Income Tax Mon, 09 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410908