https://www.taxtmi.com/caselaws?id=9408 The court dismissed the writ petition challenging the validity of a notice issued under section 148 of the Income-tax Act for the assessment year 1995-96. The court held that the belief of escaped income formed on the basis of fresh material related to suppressed sales justified the reopening of the assessment. Emphasizing the limited role of the court in writ jurisdiction to assess the relevance of material for forming a belief of escaped income, the court ruled in favor of the Revenue, stating that the notice was valid and supported by sufficient material. No costs were awarded in the judgment. en-us Fri, 09 Sep 2005 00:00:00 +0530 Mon, 22 Jun 2009 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9408 The court dismissed the writ petition challenging the validity of a notice issued under section 148 of the Income-tax Act for the assessment year 1995-96. The court held that the belief of escaped income formed on the basis of fresh material related to suppressed sales justified the reopening of the assessment. Emphasizing the limited role of the court in writ jurisdiction to assess the relevance of material for forming a belief of escaped income, the court ruled in favor of the Revenue, stating that the notice was valid and supported by sufficient material. No costs were awarded in the judgment. Case-Laws Income Tax Fri, 09 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9408