https://www.taxtmi.com/caselaws?id=411981 The court dismissed the writ petition challenging the reopening of the assessment under Section 147 of the Income Tax Act, 1961. The court held that the Assessing Officer had sufficient "reason to believe" that income had escaped assessment, justifying the reopening. It was noted that the reassessment was based on tangible material, and the petitioner had the chance to present their case during the proceedings. The court emphasized that its role was to ensure procedural compliance with the law rather than evaluate the merits of the reassessment. en-us Wed, 01 Sep 2021 00:00:00 +0530 Fri, 22 Oct 2021 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411981 The court dismissed the writ petition challenging the reopening of the assessment under Section 147 of the Income Tax Act, 1961. The court held that the Assessing Officer had sufficient "reason to believe" that income had escaped assessment, justifying the reopening. It was noted that the reassessment was based on tangible material, and the petitioner had the chance to present their case during the proceedings. The court emphasized that its role was to ensure procedural compliance with the law rather than evaluate the merits of the reassessment. Case-Laws Income Tax Wed, 01 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411981