https://www.taxtmi.com/caselaws?id=10098 The Court ruled in favor of the petitioner, quashing all four notices under section 148 of the Income-tax Act for assessment years 1974-75 and 1975-76. The Court held that the returns filed in response to the initial invalid notices should be considered valid, rendering the subsequent notices unnecessary. The Court emphasized the importance of treating compliant returns as valid and set aside the subsequent notices issued by the income-tax authority. As a result, the income-tax authorities were directed to proceed with assessments based on the returns previously filed by the petitioner, and no costs were awarded in the judgment. en-us Thu, 24 Jun 2004 00:00:00 +0530 Tue, 07 Jul 2009 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10098 The Court ruled in favor of the petitioner, quashing all four notices under section 148 of the Income-tax Act for assessment years 1974-75 and 1975-76. The Court held that the returns filed in response to the initial invalid notices should be considered valid, rendering the subsequent notices unnecessary. The Court emphasized the importance of treating compliant returns as valid and set aside the subsequent notices issued by the income-tax authority. As a result, the income-tax authorities were directed to proceed with assessments based on the returns previously filed by the petitioner, and no costs were awarded in the judgment. Case-Laws Income Tax Thu, 24 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10098