https://www.taxtmi.com/caselaws?id=12027 The court upheld the validity of the notice issued under section 148 of the Income-tax Act, 1961 for revising assessment, rejecting the petitioner's argument that the notice was ultra vires. It found prima facie grounds for reassessment based on the alleged incorrect deduction under section 80-I. Emphasizing the need for specific, reliable information for reopening assessments, the court dismissed the writ petition, allowing the petitioner to raise objections in response to the notice. The judgment highlighted the importance of following legal procedures and refraining from premature challenges to reassessment notices. en-us Mon, 19 Aug 2002 00:00:00 +0530 Mon, 15 Feb 2010 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12027 The court upheld the validity of the notice issued under section 148 of the Income-tax Act, 1961 for revising assessment, rejecting the petitioner's argument that the notice was ultra vires. It found prima facie grounds for reassessment based on the alleged incorrect deduction under section 80-I. Emphasizing the need for specific, reliable information for reopening assessments, the court dismissed the writ petition, allowing the petitioner to raise objections in response to the notice. The judgment highlighted the importance of following legal procedures and refraining from premature challenges to reassessment notices. Case-Laws Income Tax Mon, 19 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12027