https://www.taxtmi.com/caselaws?id=330897 The court upheld the legality and validity of the notice issued under Section 148 of the Income-Tax Act, 1961, finding that the authority had formed a reasonable belief based on relevant material that income had escaped assessment. The court emphasized that at the initial stage, a reason to believe, not conclusive proof of escapement of income, sufficed. Additionally, the court found that the order rejecting the petitioner's objections was supported by cogent reasons and valid information, ultimately dismissing the petition and vacating any interim relief granted earlier. en-us Fri, 05 Aug 2016 00:00:00 +0530 Mon, 25 May 2026 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330897 The court upheld the legality and validity of the notice issued under Section 148 of the Income-Tax Act, 1961, finding that the authority had formed a reasonable belief based on relevant material that income had escaped assessment. The court emphasized that at the initial stage, a reason to believe, not conclusive proof of escapement of income, sufficed. Additionally, the court found that the order rejecting the petitioner's objections was supported by cogent reasons and valid information, ultimately dismissing the petition and vacating any interim relief granted earlier. Case-Laws Income Tax Fri, 05 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330897