https://www.taxtmi.com/caselaws?id=75605 The court allowed the petition, quashing the notice and order. The basis for reopening the assessment lacked logical foundation, with no tangible material to support the belief of escaped income. The jurisdictional condition for reopening under section 147 was not met, as the partnership deed clause relied upon was inapplicable to the petitioner's case. The court held that the notice was invalid, emphasizing the necessity of tangible material and a valid reason to believe for reopening assessments. en-us Wed, 10 Feb 2010 00:00:00 +0530 Fri, 01 Feb 2013 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75605 The court allowed the petition, quashing the notice and order. The basis for reopening the assessment lacked logical foundation, with no tangible material to support the belief of escaped income. The jurisdictional condition for reopening under section 147 was not met, as the partnership deed clause relied upon was inapplicable to the petitioner's case. The court held that the notice was invalid, emphasizing the necessity of tangible material and a valid reason to believe for reopening assessments. Case-Laws Income Tax Wed, 10 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75605