https://www.taxtmi.com/caselaws?id=411202 The court upheld the validity of the notice issued under Section 148 of the Income Tax Act and the subsequent order disposing of objections. It found that the assessing officer had sufficient grounds to believe that income chargeable to tax had escaped assessment, justifying the reopening under Section 147. The court emphasized the importance of tangible new material, such as unaccounted cash payments from a survey report, in supporting the reassessment proceedings. Ultimately, the writ petition was dismissed as the petitioner failed to provide convincing grounds to challenge the orders, requiring cooperation in the completion of the reassessment. en-us Mon, 16 Aug 2021 00:00:00 +0530 Thu, 19 Aug 2021 04:51:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411202 The court upheld the validity of the notice issued under Section 148 of the Income Tax Act and the subsequent order disposing of objections. It found that the assessing officer had sufficient grounds to believe that income chargeable to tax had escaped assessment, justifying the reopening under Section 147. The court emphasized the importance of tangible new material, such as unaccounted cash payments from a survey report, in supporting the reassessment proceedings. Ultimately, the writ petition was dismissed as the petitioner failed to provide convincing grounds to challenge the orders, requiring cooperation in the completion of the reassessment. Case-Laws Income Tax Mon, 16 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411202