https://www.taxtmi.com/caselaws?id=206686 HC held that proceedings under s.147/148 were invalid for want of jurisdiction and quashed them. The AO relied solely on an annexure alleging allotment of shares to a purported company; the court found that entity to be non-existent/fictitious and therefore the statutory preconditions for reopening assessment under s.147 were not satisfied. Consequently the writ petition was allowed and the s.148 proceedings were set aside. en-us Thu, 21 Jul 2011 00:00:00 +0530 Thu, 21 Aug 2025 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206686 HC held that proceedings under s.147/148 were invalid for want of jurisdiction and quashed them. The AO relied solely on an annexure alleging allotment of shares to a purported company; the court found that entity to be non-existent/fictitious and therefore the statutory preconditions for reopening assessment under s.147 were not satisfied. Consequently the writ petition was allowed and the s.148 proceedings were set aside. Case-Laws Income Tax Thu, 21 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206686