https://www.taxtmi.com/caselaws?id=450650 The Rajasthan HC dismissed a writ petition challenging reopening of assessment under Section 147. The petitioner contested the Section 148A(b) notice based on information from DDIT (Inv.), Mumbai regarding accommodation entries, claiming denial of oral hearing and non-supply of documents. The HC held that the information about undisclosed transactions with Allbright Electricals Pvt. Ltd. prima facie suggested escaped income. The court ruled that detailed enquiry and minute examination are not required at the Section 148A stage, only prima facie consideration. Since the petitioner admitted to heavy undisclosed transactions, the case for reopening assessment was established. The AO's order was neither non-speaking nor arbitrary, warranting no interference under Article 226. en-us Tue, 13 Feb 2024 00:00:00 +0530 Sat, 09 Mar 2024 07:37:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450650 The Rajasthan HC dismissed a writ petition challenging reopening of assessment under Section 147. The petitioner contested the Section 148A(b) notice based on information from DDIT (Inv.), Mumbai regarding accommodation entries, claiming denial of oral hearing and non-supply of documents. The HC held that the information about undisclosed transactions with Allbright Electricals Pvt. Ltd. prima facie suggested escaped income. The court ruled that detailed enquiry and minute examination are not required at the Section 148A stage, only prima facie consideration. Since the petitioner admitted to heavy undisclosed transactions, the case for reopening assessment was established. The AO's order was neither non-speaking nor arbitrary, warranting no interference under Article 226. Case-Laws Income Tax Tue, 13 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450650