https://www.taxtmi.com/caselaws?id=466477 Reopening of assessment was held valid where the assessing officer received information linked to a risk management strategy but Explanation 2(iv) to the proviso to Section 148 is not displaced by such receipt; information from a search does not preclude additional risk strategy information. The assessing officer had prior approval from the competent tax authority equivalent to the specified authority approval required for issuance of the notice, so no separate duplicate approval under the proviso was necessary. The writ petition challenging the notice was dismissed and the reassessment notice sustained. en-us Tue, 29 Oct 2024 00:00:00 +0530 Mon, 09 Feb 2026 21:21:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466477 Reopening of assessment was held valid where the assessing officer received information linked to a risk management strategy but Explanation 2(iv) to the proviso to Section 148 is not displaced by such receipt; information from a search does not preclude additional risk strategy information. The assessing officer had prior approval from the competent tax authority equivalent to the specified authority approval required for issuance of the notice, so no separate duplicate approval under the proviso was necessary. The writ petition challenging the notice was dismissed and the reassessment notice sustained. Case-Laws Income Tax Tue, 29 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466477