https://www.taxtmi.com/caselaws?id=219886 The court held that the reassessment proceedings were initiated based on vague suspicion without objective verification, making the notice under Section 148 invalid. The court also found that the appellant's challenge to the jurisdiction was untimely and that the AO had not substantiated the suspicion of the gift being bogus. Thus, the questions of law were answered in favor of the assessee, and the appeal was allowed. en-us Fri, 31 Aug 2012 00:00:00 +0530 Mon, 31 Dec 2012 13:55:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219886 The court held that the reassessment proceedings were initiated based on vague suspicion without objective verification, making the notice under Section 148 invalid. The court also found that the appellant's challenge to the jurisdiction was untimely and that the AO had not substantiated the suspicion of the gift being bogus. Thus, the questions of law were answered in favor of the assessee, and the appeal was allowed. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219886