IT : Notice was issued to assessee-writ petitioner based on reasons recorded by Assessing Officer under section 147 and writ petitioner requested for reasons to be furnished. Which were furnished accordingly. Assessee filed writ against initiation of reassessment. Considering fact that there were some materials on record and informations with Department of Income Tax, reopening of assessment of assessee; writ petition sections 147 to 153 was in accordance with law and there was no infirmity
from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000184449/madras-hc-declines-to-interfere-in-reassessment-notice-issued-against-‘dayanidhi-maran’.aspx
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