https://www.taxtmi.com/caselaws?id=7921 In reassessment proceedings, judicial review is confined to whether some material existed to support the Income-tax Officer's belief that income had escaped assessment; the adequacy or sufficiency of that material is not examined. Here, the affidavit furnished a basis for doubting the genuineness of cash credits and interest entries, and a partner's disclosure of advances made in fictitious names provided additional support for the formation of belief. On that footing, the notice under section 148 was upheld and the challenge to reassessment failed. en-us Wed, 04 Mar 1970 00:00:00 +0530 Tue, 24 Mar 2009 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7921 In reassessment proceedings, judicial review is confined to whether some material existed to support the Income-tax Officer's belief that income had escaped assessment; the adequacy or sufficiency of that material is not examined. Here, the affidavit furnished a basis for doubting the genuineness of cash credits and interest entries, and a partner's disclosure of advances made in fictitious names provided additional support for the formation of belief. On that footing, the notice under section 148 was upheld and the challenge to reassessment failed. Case-Laws Income Tax Wed, 04 Mar 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7921