https://www.taxtmi.com/caselaws?id=19003 The High Court quashed a notice issued under section 148 of the Income-tax Act, 1961 for reassessment of income for the assessment year 1987-88. The court found that the notice was time-barred as it was issued beyond the four-year limit from the end of the relevant assessment year. The court determined that the Assessing Officer did not have sufficient reason to believe that income had escaped assessment due to the assessee's failure to disclose necessary facts during the original assessment proceedings. Consequently, the court held the notice to be without jurisdiction and deemed any proceedings taken in pursuance of the notice as quashed. en-us Fri, 21 Jul 1995 00:00:00 +0530 Tue, 03 Nov 2009 12:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19003 The High Court quashed a notice issued under section 148 of the Income-tax Act, 1961 for reassessment of income for the assessment year 1987-88. The court found that the notice was time-barred as it was issued beyond the four-year limit from the end of the relevant assessment year. The court determined that the Assessing Officer did not have sufficient reason to believe that income had escaped assessment due to the assessee's failure to disclose necessary facts during the original assessment proceedings. Consequently, the court held the notice to be without jurisdiction and deemed any proceedings taken in pursuance of the notice as quashed. Case-Laws Income Tax Fri, 21 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19003