https://www.taxtmi.com/caselaws?id=419627 The Tribunal upheld the reopening under section 147, finding valid reasons for income escaping assessment. Reassessment proceedings were deemed lawful, even without notice in the assessee's name. Reopening after four years was justified based on new information. The AO's personal belief sufficed for reopening. The Tribunal sustained a 6% addition on purchases, following the Pankaj Choudhary case principles. The appeal was partially allowed for the assessee, with revenue's grounds dismissed. en-us Thu, 10 Mar 2022 00:00:00 +0530 Wed, 16 Mar 2022 10:18:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419627 The Tribunal upheld the reopening under section 147, finding valid reasons for income escaping assessment. Reassessment proceedings were deemed lawful, even without notice in the assessee's name. Reopening after four years was justified based on new information. The AO's personal belief sufficed for reopening. The Tribunal sustained a 6% addition on purchases, following the Pankaj Choudhary case principles. The appeal was partially allowed for the assessee, with revenue's grounds dismissed. Case-Laws Income Tax Thu, 10 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419627