https://www.taxtmi.com/caselaws?id=770254 The HC dismissed the writ appeal challenging reopening of assessment u/s 147. A survey u/s 133 revealed unexplained investment in construction of nursing home and residential unit, with actual costs significantly exceeding declared expenditure per District Valuation Officer's report. The AO recorded valid reasons to believe income escaped assessment and issued notice u/s 147. Despite assessee's objections, the AO proceeded with speaking order. The single judge found proper satisfaction existed for reopening and dismissed the writ petition. The division bench upheld this decision, noting no palpable infirmity in the order and availability of alternative appellate remedy u/s 246A. en-us Wed, 30 Apr 2025 00:00:00 +0530 Thu, 08 May 2025 09:13:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770254 The HC dismissed the writ appeal challenging reopening of assessment u/s 147. A survey u/s 133 revealed unexplained investment in construction of nursing home and residential unit, with actual costs significantly exceeding declared expenditure per District Valuation Officer's report. The AO recorded valid reasons to believe income escaped assessment and issued notice u/s 147. Despite assessee's objections, the AO proceeded with speaking order. The single judge found proper satisfaction existed for reopening and dismissed the writ petition. The division bench upheld this decision, noting no palpable infirmity in the order and availability of alternative appellate remedy u/s 246A. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770254