https://www.taxtmi.com/caselaws?id=417937 The Court upheld the validity of the notice seeking to reopen the assessment for Assessment Year 2017-18, stating that the respondents had sufficient grounds to believe that income had escaped assessment based on substantial cash deposits and failure to file returns. The petition was dismissed, emphasizing the importance of forming a reasonable belief before issuing such notices and urging a fair assessment process. en-us Mon, 31 Jan 2022 00:00:00 +0530 Fri, 24 Jun 2022 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417937 The Court upheld the validity of the notice seeking to reopen the assessment for Assessment Year 2017-18, stating that the respondents had sufficient grounds to believe that income had escaped assessment based on substantial cash deposits and failure to file returns. The petition was dismissed, emphasizing the importance of forming a reasonable belief before issuing such notices and urging a fair assessment process. Case-Laws Income Tax Mon, 31 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417937