https://www.taxtmi.com/caselaws?id=11257 The court dismissed the petition challenging the notice under section 148 to reassess the petitioner's income for the assessment year 1993-94. The notice aimed to verify ownership of vehicles used in the "lease/rent" business to justify depreciation claims. The court found the notice legal and necessary to validate depreciation deductions, emphasizing the importance of substantiating ownership for tax compliance. en-us Mon, 24 Nov 2003 00:00:00 +0530 Mon, 03 Aug 2009 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11257 The court dismissed the petition challenging the notice under section 148 to reassess the petitioner's income for the assessment year 1993-94. The notice aimed to verify ownership of vehicles used in the "lease/rent" business to justify depreciation claims. The court found the notice legal and necessary to validate depreciation deductions, emphasizing the importance of substantiating ownership for tax compliance. Case-Laws Income Tax Mon, 24 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11257