https://www.taxtmi.com/caselaws?id=3917 HC held the notice issued under Section 148 invalid because the reasons to believe were vague, unverified and amounted to mere reproduction of received information about alleged bogus long-term capital gains in shares. The Assessing Officer failed to identify source, parties or transactions, did not record satisfaction after verification, and substituted form for substance, contrary to SC authority. Consequently the HC dismissed the appeals and quashed the reassessment notice. en-us Wed, 23 May 2007 00:00:00 +0530 Mon, 15 Sep 2025 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3917 HC held the notice issued under Section 148 invalid because the reasons to believe were vague, unverified and amounted to mere reproduction of received information about alleged bogus long-term capital gains in shares. The Assessing Officer failed to identify source, parties or transactions, did not record satisfaction after verification, and substituted form for substance, contrary to SC authority. Consequently the HC dismissed the appeals and quashed the reassessment notice. Case-Laws Income Tax Wed, 23 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3917