https://www.taxtmi.com/caselaws?id=227257 The High Court upheld the validity of the notice issued under Section 148 of the Income Tax Act, 1961, ruling that no sanction was required as it was issued by the Deputy Commissioner of Income Tax. The Court rejected the petitioner's objections to the re-assessment, emphasizing the failure to request a de novo hearing. Additionally, the challenge to the vires of the retrospective amendment to Section 115JB was dismissed, with the Court finding tangible material for re-opening the assessment. Procedural compliance under Sections 151 and 129 was addressed, highlighting the need for a de novo hearing. The Court dismissed the review petition, affirming previous judgments and finding no merit in the petitioner's contentions. en-us Fri, 01 Mar 2013 00:00:00 +0530 Fri, 26 Aug 2022 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=227257 The High Court upheld the validity of the notice issued under Section 148 of the Income Tax Act, 1961, ruling that no sanction was required as it was issued by the Deputy Commissioner of Income Tax. The Court rejected the petitioner's objections to the re-assessment, emphasizing the failure to request a de novo hearing. Additionally, the challenge to the vires of the retrospective amendment to Section 115JB was dismissed, with the Court finding tangible material for re-opening the assessment. Procedural compliance under Sections 151 and 129 was addressed, highlighting the need for a de novo hearing. The Court dismissed the review petition, affirming previous judgments and finding no merit in the petitioner's contentions. Case-Laws Income Tax Fri, 01 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=227257