https://www.taxtmi.com/caselaws?id=782661 HC upheld the reassessment proceedings initiated u/s 147/148, holding that the AO had validly invoked the wide powers under s.147, having obtained requisite sanctions u/s 151 and recorded satisfaction of income escaping assessment. The objection that notice was issued beyond four years was rejected in view of the proviso to s.147, as failure to fully and truly disclose material facts permitted action even after four years. The assessee, having participated by filing return and objections, could not maintain a writ to challenge the notice at that stage. The HC declined interference, permitting the reassessment to proceed to conclusion. en-us Thu, 27 Nov 2025 00:00:00 +0530 Tue, 02 Dec 2025 08:35:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782661 HC upheld the reassessment proceedings initiated u/s 147/148, holding that the AO had validly invoked the wide powers under s.147, having obtained requisite sanctions u/s 151 and recorded satisfaction of income escaping assessment. The objection that notice was issued beyond four years was rejected in view of the proviso to s.147, as failure to fully and truly disclose material facts permitted action even after four years. The assessee, having participated by filing return and objections, could not maintain a writ to challenge the notice at that stage. The HC declined interference, permitting the reassessment to proceed to conclusion. Case-Laws Income Tax Thu, 27 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782661