https://www.taxtmi.com/caselaws?id=6471 The Supreme Court upheld the High Court's decision and dismissed the appeal, ruling that the notice issued under section 148 of the Income-tax Act was invalid. The court found the material leading to the belief that income had escaped assessment was inadequate and irrelevant. Emphasizing strict compliance with procedural requirements under sections 147 and 148, the court highlighted the necessity for a direct nexus between the material and the belief of income escapement for the validity of such notices. en-us Tue, 30 Mar 1976 00:00:00 +0530 Fri, 13 May 2016 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6471 The Supreme Court upheld the High Court's decision and dismissed the appeal, ruling that the notice issued under section 148 of the Income-tax Act was invalid. The court found the material leading to the belief that income had escaped assessment was inadequate and irrelevant. Emphasizing strict compliance with procedural requirements under sections 147 and 148, the court highlighted the necessity for a direct nexus between the material and the belief of income escapement for the validity of such notices. Case-Laws Income Tax Tue, 30 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6471