https://www.taxtmi.com/caselaws?id=256713 The court ruled in favor of the petitioner, a co-operative society, in a challenge against a notice issued under section 158BD of the Income-tax Act, 1961. The court found that the notice lacked proper application of mind and failed to establish that the undisclosed income belonged to the petitioner. As the crucial precondition for action under section 158BD was not satisfied, the court quashed the notice dated October 3, 2005, ruling in favor of the petitioner and making no order as to costs. en-us Wed, 26 Feb 2014 00:00:00 +0530 Fri, 20 Feb 2015 08:39:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256713 The court ruled in favor of the petitioner, a co-operative society, in a challenge against a notice issued under section 158BD of the Income-tax Act, 1961. The court found that the notice lacked proper application of mind and failed to establish that the undisclosed income belonged to the petitioner. As the crucial precondition for action under section 158BD was not satisfied, the court quashed the notice dated October 3, 2005, ruling in favor of the petitioner and making no order as to costs. Case-Laws Income Tax Wed, 26 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256713