https://www.taxtmi.com/caselaws?id=247630 The court upheld the validity of notices issued under Section 148 for re-assessment, citing discrepancies in the assessee's accounts leading to reduced tax liability. Despite the petitioner's arguments challenging the notices, the court found no merit and declined to interfere with the orders passed. The assessee's failure to explain the discrepancies resulted in the dismissal of petitions, with the Assessing Officer directed to expedite proceedings within three months. The judgment emphasized the importance of addressing discrepancies and providing explanations, ultimately supporting the department's actions in issuing the notices. en-us Fri, 16 May 2014 00:00:00 +0530 Fri, 20 Feb 2015 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247630 The court upheld the validity of notices issued under Section 148 for re-assessment, citing discrepancies in the assessee's accounts leading to reduced tax liability. Despite the petitioner's arguments challenging the notices, the court found no merit and declined to interfere with the orders passed. The assessee's failure to explain the discrepancies resulted in the dismissal of petitions, with the Assessing Officer directed to expedite proceedings within three months. The judgment emphasized the importance of addressing discrepancies and providing explanations, ultimately supporting the department's actions in issuing the notices. Case-Laws Income Tax Fri, 16 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247630