https://www.taxtmi.com/caselaws?id=209302 The High Court held that the notice issued under section 12AA(3) of the Income-tax Act lacked a valid foundation as it was not authorized by any order of the Income-tax Appellate Tribunal. The Court emphasized the need for the Commissioner to exercise such power cautiously and consciously. Consequently, the Court quashed the notice and outlined the conditions for the Commissioner to utilize the power under section 12AA(3). The writ application was allowed in favor of the petitioner. en-us Fri, 01 Oct 2010 00:00:00 +0530 Thu, 25 Jul 2013 16:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209302 The High Court held that the notice issued under section 12AA(3) of the Income-tax Act lacked a valid foundation as it was not authorized by any order of the Income-tax Appellate Tribunal. The Court emphasized the need for the Commissioner to exercise such power cautiously and consciously. Consequently, the Court quashed the notice and outlined the conditions for the Commissioner to utilize the power under section 12AA(3). The writ application was allowed in favor of the petitioner. Case-Laws Income Tax Fri, 01 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209302