https://www.taxtmi.com/caselaws?id=8039 The court upheld the validity of the notice issued under section 148 of the Income-tax Act, 1961 for reassessment of income for the assessment year 1952-53. It was determined that the failure to disclose certain cash credits during the original assessment justified the Income-tax Officer's jurisdiction under section 147. As a result, the rule challenging the notice under section 148 was discharged, with no costs awarded, and the operation of the order stayed for four weeks. en-us Fri, 17 Apr 1970 00:00:00 +0530 Fri, 27 Mar 2009 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8039 The court upheld the validity of the notice issued under section 148 of the Income-tax Act, 1961 for reassessment of income for the assessment year 1952-53. It was determined that the failure to disclose certain cash credits during the original assessment justified the Income-tax Officer's jurisdiction under section 147. As a result, the rule challenging the notice under section 148 was discharged, with no costs awarded, and the operation of the order stayed for four weeks. Case-Laws Income Tax Fri, 17 Apr 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8039