AdvertisementSea Glimpse Investments Pvt. Ltd. Vs DCIT (Bombay High Court) The petitioner challenged the notice dated 31.03.2019 issued under Section 148 of the Income Tax Act, 1961 for Assessment Year 2014-15 and the order dated 14.10.2019 rejecting its objections to the reopening. The principal grounds urged were non-application of mind while granting sanction under Section 151 and incorrect facts recorded in the reasons for reopening. The petitioner submitted that the Assessing Officer could issue a reopening notice only upon having reason to believe that income chargeable to tax had escaped assessment ...