https://www.taxtmi.com/caselaws?id=14882 The High Court of MADRAS, in a case concerning the validity of a notice issued under section 148 of the Income-tax Act for the assessment year 1984-85, found procedural irregularities and a colorable exercise of powers by the respondent. The court quashed the notice due to lack of jurisdictional facts and legal basis for the valuation, emphasizing adherence to legal procedures and the application of previous court orders in similar cases. The judgment, delivered by Judge Y. VENKATACHALAM, highlighted the importance of fairness and legality in income-tax assessments. en-us Mon, 27 Apr 1998 00:00:00 +0530 Thu, 23 Jul 2009 17:39:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14882 The High Court of MADRAS, in a case concerning the validity of a notice issued under section 148 of the Income-tax Act for the assessment year 1984-85, found procedural irregularities and a colorable exercise of powers by the respondent. The court quashed the notice due to lack of jurisdictional facts and legal basis for the valuation, emphasizing adherence to legal procedures and the application of previous court orders in similar cases. The judgment, delivered by Judge Y. VENKATACHALAM, highlighted the importance of fairness and legality in income-tax assessments. Case-Laws Income Tax Mon, 27 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14882