https://www.taxtmi.com/caselaws?id=248078 The court upheld the validity of notices issued under Section 148 of the Income Tax Act, determining that the Assessing Officer had sufficient grounds to believe that income had escaped assessment based on post-search enquiries revealing sham gift transactions. It clarified that material from post-search enquiries could be used to reopen assessments under Section 148. The court emphasized the Assessing Officer's jurisdiction to issue such notices and the interpretation of "undisclosed income" under Section 158B(b), ultimately dismissing the writ petition and affirming the legitimacy of the notices and the reopening of assessments. en-us Thu, 29 May 2014 00:00:00 +0530 Fri, 10 Oct 2014 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248078 The court upheld the validity of notices issued under Section 148 of the Income Tax Act, determining that the Assessing Officer had sufficient grounds to believe that income had escaped assessment based on post-search enquiries revealing sham gift transactions. It clarified that material from post-search enquiries could be used to reopen assessments under Section 148. The court emphasized the Assessing Officer's jurisdiction to issue such notices and the interpretation of "undisclosed income" under Section 158B(b), ultimately dismissing the writ petition and affirming the legitimacy of the notices and the reopening of assessments. Case-Laws Income Tax Thu, 29 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248078