High Court Upholds Reopening of Tax Assessment u/s 147; Finds Prima Facie Evidence Against Petitioner. https://www.taxtmi.com/highlights?id=67187 Reopening of assessment u/s 147 - Notice u/s 148-A - Reason to believe - Source of information is not relevant. What is relevant is the tangible material against the appellant. The petitioner did not even submit bank statements or the books of accounts. - There is, prima facie, some material on the basis of which the Department could reopen the case. - Writ Petition dismissed - Notice sustained - HC en-us Sat, 17 Dec 2022 13:23:38 +0530 Sat, 17 Dec 2022 13:23:38 +0530 TaxTMI RSS Generator High Court Upholds Reopening of Tax Assessment u/s 147; Finds Prima Facie Evidence Against Petitioner. https://www.taxtmi.com/highlights?id=67187 Reopening of assessment u/s 147 - Notice u/s 148-A - Reason to believe - Source of information is not relevant. What is relevant is the tangible material against the appellant. The petitioner did not even submit bank statements or the books of accounts. - There is, prima facie, some material on the basis of which the Department could reopen the case. - Writ Petition dismissed - Notice sustained - HC Highlights Income Tax Sat, 17 Dec 2022 13:23:38 +0530 https://www.taxtmi.com/highlights?id=67187