https://www.taxtmi.com/caselaws?id=237831 The court allowed the petition challenging a show-cause notice under Section 148 of the Income Tax Act, 1961, as the reasons for the notice did not mention the availability of the valuation report at the time of assessment. The Income Tax Officer withdrew the original reasons and was permitted to formulate new grounds based on the correct factual position. The court clarified that this decision did not constitute a final judgment on the case's merits, leaving all issues open for future consideration. en-us Tue, 09 Jul 2013 00:00:00 +0530 Mon, 07 Oct 2013 22:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237831 The court allowed the petition challenging a show-cause notice under Section 148 of the Income Tax Act, 1961, as the reasons for the notice did not mention the availability of the valuation report at the time of assessment. The Income Tax Officer withdrew the original reasons and was permitted to formulate new grounds based on the correct factual position. The court clarified that this decision did not constitute a final judgment on the case's merits, leaving all issues open for future consideration. Case-Laws Income Tax Tue, 09 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237831