https://www.taxtmi.com/caselaws?id=380333 The court dismissed the writ petitions challenging the validity of the notices issued under Section 148 of the Income Tax Act, 1961. It emphasized the necessity of valid jurisdiction and authority for such notices, requiring a "reason to believe" that income has escaped assessment based on new materials or information. The court directed the Income Tax Department to disclose the reasons for reopening the assessments to the petitioners within a specified period, allowing them to file objections. The Assessing Officer was instructed to adjudicate the matter fairly and pass assessment orders in accordance with the law. en-us Fri, 25 Jan 2019 00:00:00 +0530 Sat, 18 May 2019 06:51:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380333 The court dismissed the writ petitions challenging the validity of the notices issued under Section 148 of the Income Tax Act, 1961. It emphasized the necessity of valid jurisdiction and authority for such notices, requiring a "reason to believe" that income has escaped assessment based on new materials or information. The court directed the Income Tax Department to disclose the reasons for reopening the assessments to the petitioners within a specified period, allowing them to file objections. The Assessing Officer was instructed to adjudicate the matter fairly and pass assessment orders in accordance with the law. Case-Laws Income Tax Fri, 25 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380333