https://www.taxtmi.com/caselaws?id=8769 The High Court, in a writ petition under Article 226 of the Constitution, quashed the notices and assessments made under Section 147 of the Income-tax Act for the years 1950-51 to 1954-55. The court held that the Income-tax Officer lacked jurisdiction to initiate reassessment proceedings due to non-compliance with statutory requirements and invalid beliefs regarding escaped income. The court emphasized that subsequent assessments would be dependent on its decision, stressing that if there was no jurisdiction under Section 147, all proceedings and assessments were invalidated. en-us Wed, 05 Jul 1972 00:00:00 +0530 Wed, 03 Jun 2009 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8769 The High Court, in a writ petition under Article 226 of the Constitution, quashed the notices and assessments made under Section 147 of the Income-tax Act for the years 1950-51 to 1954-55. The court held that the Income-tax Officer lacked jurisdiction to initiate reassessment proceedings due to non-compliance with statutory requirements and invalid beliefs regarding escaped income. The court emphasized that subsequent assessments would be dependent on its decision, stressing that if there was no jurisdiction under Section 147, all proceedings and assessments were invalidated. Case-Laws Income Tax Wed, 05 Jul 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8769