https://www.taxtmi.com/caselaws?id=411437 The court upheld the legal validity of the notice issued under Section 148 of the Income Tax Act, 1961, determining that the Assessing Officer had 'reason to believe' income had escaped assessment based on new information. The reopening of the assessment was deemed justified, as it did not constitute a change of opinion but rather compliance with procedural requirements. The writ petition was dismissed, directing the respondent to conclude the reassessment proceedings promptly. en-us Thu, 19 Aug 2021 00:00:00 +0530 Wed, 25 Aug 2021 09:10:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411437 The court upheld the legal validity of the notice issued under Section 148 of the Income Tax Act, 1961, determining that the Assessing Officer had 'reason to believe' income had escaped assessment based on new information. The reopening of the assessment was deemed justified, as it did not constitute a change of opinion but rather compliance with procedural requirements. The writ petition was dismissed, directing the respondent to conclude the reassessment proceedings promptly. Case-Laws Income Tax Thu, 19 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411437