https://www.taxtmi.com/caselaws?id=331575 The court held that the notice issued under Section 148 of the Income Tax Act, 1961 to re-open assessment for the assessment year 2008-09 was without jurisdiction as it lacked a reasonable belief that income had escaped assessment or exceeded the taxable limit. The court emphasized that the obligation to file a return of income and obtain a PAN arises only when the total income exceeds the non-taxable limit. The court granted interim stay against the notice, finding it prima facie lacking jurisdiction and highlighting that the notice did not meet the conditions required for re-opening an assessment. en-us Wed, 20 Jul 2016 00:00:00 +0530 Sat, 27 Aug 2016 12:33:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331575 The court held that the notice issued under Section 148 of the Income Tax Act, 1961 to re-open assessment for the assessment year 2008-09 was without jurisdiction as it lacked a reasonable belief that income had escaped assessment or exceeded the taxable limit. The court emphasized that the obligation to file a return of income and obtain a PAN arises only when the total income exceeds the non-taxable limit. The court granted interim stay against the notice, finding it prima facie lacking jurisdiction and highlighting that the notice did not meet the conditions required for re-opening an assessment. Case-Laws Income Tax Wed, 20 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331575