https://www.taxtmi.com/caselaws?id=9762 The court dismissed the petitions challenging the validity of notices issued under Section 148 of the Income-tax Act, 1961, for reassessment of income for certain years. It held that the Income-tax Officer had sufficient material to reasonably believe that income had escaped assessment, emphasizing the importance of relevant and material reasons for initiating reassessment proceedings. The court also ruled that writ petitions under Article 226 of the Constitution of India were maintainable in such cases, allowing scrutiny of the Assessing Officer's reasons for reassessment. Each petitioner was ordered to pay costs of Rs. 5,000. en-us Fri, 03 Dec 2004 00:00:00 +0530 Tue, 30 Jun 2009 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9762 The court dismissed the petitions challenging the validity of notices issued under Section 148 of the Income-tax Act, 1961, for reassessment of income for certain years. It held that the Income-tax Officer had sufficient material to reasonably believe that income had escaped assessment, emphasizing the importance of relevant and material reasons for initiating reassessment proceedings. The court also ruled that writ petitions under Article 226 of the Constitution of India were maintainable in such cases, allowing scrutiny of the Assessing Officer's reasons for reassessment. Each petitioner was ordered to pay costs of Rs. 5,000. Case-Laws Income Tax Fri, 03 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9762