https://www.taxtmi.com/caselaws?id=262851 The court ruled in favor of the petitioner, quashing the notice under Section 148 of the Income Tax Act, 1961, as it was found to be invalid due to lack of income escapement. The court emphasized that there was no failure to disclose material facts, and the income chargeable to tax did not escape assessment. The petition was allowed based on the invalidity of the notice, leading to its quashing. en-us Mon, 26 Nov 2012 00:00:00 +0530 Fri, 21 Aug 2015 07:55:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262851 The court ruled in favor of the petitioner, quashing the notice under Section 148 of the Income Tax Act, 1961, as it was found to be invalid due to lack of income escapement. The court emphasized that there was no failure to disclose material facts, and the income chargeable to tax did not escape assessment. The petition was allowed based on the invalidity of the notice, leading to its quashing. Case-Laws Income Tax Mon, 26 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262851