https://www.taxtmi.com/article/detailed?id=5806 Section 148 authorises reassessment notices where income is alleged to have escaped assessment; judicial guidance requires that assessing officers furnish reasons within a reasonable time when requested so the assessee can file a return, object to the notice and receive a speaking order. Supplying reasons with the notice prevents arbitrariness, enables targeted disclosure of escaped income and ensures compliance with natural justice; conversely, notices that compel revised returns without stating grounds deny a meaningful opportunity to explain and invite unnecessary litigation. en-us Sat, 30 Aug 2014 13:28:41 +0530 Sat, 30 Aug 2014 13:28:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5806 Section 148 authorises reassessment notices where income is alleged to have escaped assessment; judicial guidance requires that assessing officers furnish reasons within a reasonable time when requested so the assessee can file a return, object to the notice and receive a speaking order. Supplying reasons with the notice prevents arbitrariness, enables targeted disclosure of escaped income and ensures compliance with natural justice; conversely, notices that compel revised returns without stating grounds deny a meaningful opportunity to explain and invite unnecessary litigation. Articles Income Tax Sat, 30 Aug 2014 13:28:41 +0530 https://www.taxtmi.com/article/detailed?id=5806