https://www.taxtmi.com/caselaws?id=14288 The court upheld the notice issued under section 148 of the Income-tax Act for reassessment for the assessment year 1988-89, citing substantial valuation differences as reasons provided by the Department were deemed adequate. Despite the petitioner's objections, the court directed prompt completion of reassessment proceedings in accordance with the law, dismissing the writ for lack of merit and revoking any interim stay. The Assessing Officer was instructed to expedite the process, with no costs awarded and any security deposit to be refunded to the petitioner as per rules. en-us Fri, 09 Feb 2001 00:00:00 +0530 Wed, 15 Jul 2009 10:35:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14288 The court upheld the notice issued under section 148 of the Income-tax Act for reassessment for the assessment year 1988-89, citing substantial valuation differences as reasons provided by the Department were deemed adequate. Despite the petitioner's objections, the court directed prompt completion of reassessment proceedings in accordance with the law, dismissing the writ for lack of merit and revoking any interim stay. The Assessing Officer was instructed to expedite the process, with no costs awarded and any security deposit to be refunded to the petitioner as per rules. Case-Laws Income Tax Fri, 09 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14288