https://www.taxtmi.com/caselaws?id=9341 The court quashed the show cause notice and notice under section 148 of the Income-tax Act for the assessment year 1995-96 as there was no concrete evidence of escaped income, and the reopening was based on presumption and guesswork. The proceedings initiated under section 147 were deemed illegal, and the court allowed the writ petition, quashing the notices without costs. en-us Tue, 09 Aug 2005 00:00:00 +0530 Mon, 22 Jun 2009 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9341 The court quashed the show cause notice and notice under section 148 of the Income-tax Act for the assessment year 1995-96 as there was no concrete evidence of escaped income, and the reopening was based on presumption and guesswork. The proceedings initiated under section 147 were deemed illegal, and the court allowed the writ petition, quashing the notices without costs. Case-Laws Income Tax Tue, 09 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9341