https://www.taxtmi.com/caselaws?id=757125 Reassessment under section 148 was challenged on the basis of alleged absence of escapement of income and on the objection that receipts were professional income rather than diverted funds. The court noted that the Assessing Officer had formed a prima facie opinion to reopen the assessment, had disposed of the objections under section 148A(d), and that there was no basis for writ interference at the initiation stage. It further reflected the limited scope of judicial review over reassessment notices where the reopening process is founded on an initial satisfaction of escapement. en-us Mon, 12 Aug 2024 00:00:00 +0530 Fri, 01 May 2026 13:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757125 Reassessment under section 148 was challenged on the basis of alleged absence of escapement of income and on the objection that receipts were professional income rather than diverted funds. The court noted that the Assessing Officer had formed a prima facie opinion to reopen the assessment, had disposed of the objections under section 148A(d), and that there was no basis for writ interference at the initiation stage. It further reflected the limited scope of judicial review over reassessment notices where the reopening process is founded on an initial satisfaction of escapement. Case-Laws Income Tax Mon, 12 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757125