https://www.taxtmi.com/caselaws?id=7806 The court held that the respondent lacked jurisdiction to issue the reassessment notice under Section 148 of the Income-tax Act, as the information relied upon did not justify reopening the assessment. The court found the respondent's actions were based on suspicion and guesswork, not permissible under the law. Consequently, the writ petition was allowed, a writ of prohibition issued against further proceedings, and costs awarded to the petitioner. en-us Wed, 05 Nov 1969 00:00:00 +0530 Thu, 19 Mar 2009 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7806 The court held that the respondent lacked jurisdiction to issue the reassessment notice under Section 148 of the Income-tax Act, as the information relied upon did not justify reopening the assessment. The court found the respondent's actions were based on suspicion and guesswork, not permissible under the law. Consequently, the writ petition was allowed, a writ of prohibition issued against further proceedings, and costs awarded to the petitioner. Case-Laws Income Tax Wed, 05 Nov 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7806