https://www.taxtmi.com/caselaws?id=337437 The court dismissed the petitions, holding that the Assessing Officer had reasonable grounds to believe that income had escaped assessment and had followed the procedure prescribed by law. The court found no jurisdictional error or arbitrariness in the action of the authorities, emphasizing that the reasons for belief were based on relevant and specific information. The court did not express any opinion on the merits of the case, leaving it to the jurisdictional authority to adjudicate the matter in accordance with law. en-us Mon, 26 Dec 2016 00:00:00 +0530 Wed, 25 Mar 2026 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337437 The court dismissed the petitions, holding that the Assessing Officer had reasonable grounds to believe that income had escaped assessment and had followed the procedure prescribed by law. The court found no jurisdictional error or arbitrariness in the action of the authorities, emphasizing that the reasons for belief were based on relevant and specific information. The court did not express any opinion on the merits of the case, leaving it to the jurisdictional authority to adjudicate the matter in accordance with law. Case-Laws Income Tax Mon, 26 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337437