https://www.taxtmi.com/caselaws?id=13926 The court upheld the validity of the notice u/s 148 and reassessment proceedings u/s 147 for the assessment year 1989-90. The court found that the Assessing Officer had valid reasons to believe in income escapement, and the notice was issued in accordance with the law. The sufficiency or correctness of the material was not to be scrutinized at that stage, emphasizing adherence to statutory requirements. Consequently, the petitioner's challenge was dismissed, highlighting the significance of jurisdictional satisfaction for issuing such notices and meeting prerequisites for reassessment proceedings under the Income-tax Act. en-us Fri, 24 Aug 2001 00:00:00 +0530 Mon, 03 May 2010 01:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13926 The court upheld the validity of the notice u/s 148 and reassessment proceedings u/s 147 for the assessment year 1989-90. The court found that the Assessing Officer had valid reasons to believe in income escapement, and the notice was issued in accordance with the law. The sufficiency or correctness of the material was not to be scrutinized at that stage, emphasizing adherence to statutory requirements. Consequently, the petitioner's challenge was dismissed, highlighting the significance of jurisdictional satisfaction for issuing such notices and meeting prerequisites for reassessment proceedings under the Income-tax Act. Case-Laws Income Tax Fri, 24 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13926