https://www.taxtmi.com/caselaws?id=8704 The court found the notice under section 148 of the Income-tax Act valid as the Income-tax Officer had relevant material to believe income had escaped assessment. The petitioner's failure to disclose material facts justified the notice. The court did not address the legality of the sanction by the Central Board of Revenue due to procedural issues. The jurisdictional challenge regarding the notice was not entertained as it was not raised in the petition. The court deemed the continued retention of account books beyond the sanctioned date unjustified, ordering their return. The petition was partially allowed, directing the return of the impounded books while denying other reliefs sought. en-us Thu, 29 Jul 1971 00:00:00 +0530 Wed, 03 Jun 2009 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8704 The court found the notice under section 148 of the Income-tax Act valid as the Income-tax Officer had relevant material to believe income had escaped assessment. The petitioner's failure to disclose material facts justified the notice. The court did not address the legality of the sanction by the Central Board of Revenue due to procedural issues. The jurisdictional challenge regarding the notice was not entertained as it was not raised in the petition. The court deemed the continued retention of account books beyond the sanctioned date unjustified, ordering their return. The petition was partially allowed, directing the return of the impounded books while denying other reliefs sought. Case-Laws Income Tax Thu, 29 Jul 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8704