https://www.taxtmi.com/caselaws?id=10515 The High Court of Madhya Pradesh ruled in favor of the Revenue, upholding the Assessing Officer's jurisdiction to conduct a fresh assessment under section 143(2)(b) of the Income-tax Act without the requirement of recorded reasons. The Court emphasized the distinction between sections 143(2)(b) and 147, highlighting that no reasonable belief of income escaping assessment is necessary under section 143(2)(b). The decision referenced the Karnataka High Court's stance that lack of recorded reasons alone does not invalidate the notice under section 143(2)(b). The judgment concluded without awarding costs to either party. en-us Thu, 25 Nov 2004 00:00:00 +0530 Fri, 17 Jul 2009 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10515 The High Court of Madhya Pradesh ruled in favor of the Revenue, upholding the Assessing Officer's jurisdiction to conduct a fresh assessment under section 143(2)(b) of the Income-tax Act without the requirement of recorded reasons. The Court emphasized the distinction between sections 143(2)(b) and 147, highlighting that no reasonable belief of income escaping assessment is necessary under section 143(2)(b). The decision referenced the Karnataka High Court's stance that lack of recorded reasons alone does not invalidate the notice under section 143(2)(b). The judgment concluded without awarding costs to either party. Case-Laws Income Tax Thu, 25 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10515