Organocatalytic asymmetric synthesis of tetrahydroquinolines has been achieved via oxidation and 1,5‐hydride transfer/ring‐closure cascade. The feature of this research is one‐pot transformation of 3‐arylprop‐2‐en‐1‐ol derivatives into tetrahydroquinolines using o‐iodoxybenzoic acid‐mediated oxidation and internal redox reactions. The synthetically useful ring‐fused tetrahydroquinoline derivatives were obtained in moderate yields and high enantioselectivity.