https://www.taxtmi.com/caselaws?id=411904 The court dismissed the writ petition, upholding the legality of reopening the assessment under Section 147/148 of the Income Tax Act, 1961. The court found that the reopening was justified based on new tangible material and the petitioner's failure to fully disclose all necessary facts for the assessment. The petitioner was directed to cooperate with reassessment proceedings and given an opportunity to present their case. The sufficiency of reasons for reopening was deemed acceptable, with the court emphasizing that detailed scrutiny would occur during the reassessment process. en-us Thu, 02 Sep 2021 00:00:00 +0530 Fri, 22 Oct 2021 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411904 The court dismissed the writ petition, upholding the legality of reopening the assessment under Section 147/148 of the Income Tax Act, 1961. The court found that the reopening was justified based on new tangible material and the petitioner's failure to fully disclose all necessary facts for the assessment. The petitioner was directed to cooperate with reassessment proceedings and given an opportunity to present their case. The sufficiency of reasons for reopening was deemed acceptable, with the court emphasizing that detailed scrutiny would occur during the reassessment process. Case-Laws Income Tax Thu, 02 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411904