https://www.taxtmi.com/caselaws?id=28052 Reopening under section 148 was upheld where the assessee's own disclosure petition, admitted peak credits in fictitious names, and enquiry materials showing bogus or untraceable creditors gave a rational connection and live link to the belief that income had escaped assessment under section 147. The Court held that these materials were neither vague nor extraneous, and that the successor assessing officer's affidavit could be relied on when the original officer had retired, provided it matched the recorded reasons. Objections based on limitation under section 149(a)(ii), sanction under section 151(1), the amount alleged to have escaped assessment, and rejection of the disclosure petition were rejected on the facts. en-us Mon, 14 Jun 1982 00:00:00 +0530 Wed, 17 Feb 2010 17:03:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28052 Reopening under section 148 was upheld where the assessee's own disclosure petition, admitted peak credits in fictitious names, and enquiry materials showing bogus or untraceable creditors gave a rational connection and live link to the belief that income had escaped assessment under section 147. The Court held that these materials were neither vague nor extraneous, and that the successor assessing officer's affidavit could be relied on when the original officer had retired, provided it matched the recorded reasons. Objections based on limitation under section 149(a)(ii), sanction under section 151(1), the amount alleged to have escaped assessment, and rejection of the disclosure petition were rejected on the facts. Case-Laws Income Tax Mon, 14 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28052