https://www.taxtmi.com/caselaws?id=235324 The Court quashed the notice issued under Section 148 for the assessment year 1997-98, as there was no material connecting the petitioner to the alleged tax evasion scheme. Emphasizing the lack of nexus between the petitioner and the evasion activity, the Court ruled in favor of the petitioner based on the necessity of concrete evidence to justify re-assessment. The decision was influenced by a previous ruling in a similar case, highlighting the importance of establishing a direct link between the taxpayer and the alleged evasion scheme. en-us Tue, 09 Jul 2013 00:00:00 +0530 Fri, 19 Jul 2013 05:52:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235324 The Court quashed the notice issued under Section 148 for the assessment year 1997-98, as there was no material connecting the petitioner to the alleged tax evasion scheme. Emphasizing the lack of nexus between the petitioner and the evasion activity, the Court ruled in favor of the petitioner based on the necessity of concrete evidence to justify re-assessment. The decision was influenced by a previous ruling in a similar case, highlighting the importance of establishing a direct link between the taxpayer and the alleged evasion scheme. Case-Laws Income Tax Tue, 09 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235324