https://www.taxtmi.com/caselaws?id=211422 The court set aside the assessment order completed under Section 175 read with Section 174(3) due to lack of prima facie satisfaction by the assessing officer regarding the petitioner's intention to transfer property to evade tax. The assessment was deemed unsustainable as it lacked the required notice under Section 174(4). The court directed a fresh assessment based on the notice issued under Section 142(1) for the previous year to be completed within three months, emphasizing the need for adherence to statutory procedures in Income Tax Act assessments. en-us Thu, 22 Dec 2011 00:00:00 +0530 Wed, 01 Jul 2026 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211422 The court set aside the assessment order completed under Section 175 read with Section 174(3) due to lack of prima facie satisfaction by the assessing officer regarding the petitioner's intention to transfer property to evade tax. The assessment was deemed unsustainable as it lacked the required notice under Section 174(4). The court directed a fresh assessment based on the notice issued under Section 142(1) for the previous year to be completed within three months, emphasizing the need for adherence to statutory procedures in Income Tax Act assessments. Case-Laws Income Tax Thu, 22 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211422