TMI BlogReopening of assessment u/s 147 - change of opinion - mechanical satisfaction - Admission of additional...Reopening of assessment u/s 147 - change of opinion - mechanical satisfaction - Admission of additional income by Senior Executive of the petitioner during the search - variation in additional income admitted - The High Court upheld the justification for reopening provided by the respondents, highlighting the availability of fresh material and alleged failures by the petitioners to fully disclose material evidence. Objections regarding change of opinion and mechanical satisfaction were rejected. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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