https://www.taxtmi.com/caselaws?id=426027 The High Court upheld the validity of Section 147 proceedings and reopening of assessment under Section 148 for Assessment Year 2009-10. The Tribunal's decision was affirmed, finding the reasons recorded by the Assessing Officer justified the reopening due to undisclosed income from business transactions. The appellant's arguments based on previous case law were dismissed, and the appeal was rejected as no legal errors were identified. en-us Wed, 29 Jun 2022 00:00:00 +0530 Mon, 17 Oct 2022 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426027 The High Court upheld the validity of Section 147 proceedings and reopening of assessment under Section 148 for Assessment Year 2009-10. The Tribunal's decision was affirmed, finding the reasons recorded by the Assessing Officer justified the reopening due to undisclosed income from business transactions. The appellant's arguments based on previous case law were dismissed, and the appeal was rejected as no legal errors were identified. Case-Laws Income Tax Wed, 29 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426027