https://www.taxtmi.com/caselaws?id=179673 The court allowed the petition, quashing the notice issued under Section 148 of the Income Tax Act. It held the notice illegal and invalid as the Assessing Officer lacked sufficient grounds to believe income had escaped assessment. The court emphasized the necessity of valid reasons for reopening assessments under Section 147, ruling in favor of the petitioner and making the rule absolute with no costs. en-us Mon, 09 Jul 2012 00:00:00 +0530 Fri, 16 Jun 2017 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179673 The court allowed the petition, quashing the notice issued under Section 148 of the Income Tax Act. It held the notice illegal and invalid as the Assessing Officer lacked sufficient grounds to believe income had escaped assessment. The court emphasized the necessity of valid reasons for reopening assessments under Section 147, ruling in favor of the petitioner and making the rule absolute with no costs. Case-Laws Income Tax Mon, 09 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179673