https://www.taxtmi.com/caselaws?id=19353 The court upheld the validity of the notice issued under section 148 of the Income-tax Act, 1961, despite the absence of prior assessments under sections 143(1)(a) or 143(3). It was determined that the Assessing Officer had sufficient grounds to believe income had escaped assessment, as evidenced by recorded reasons. The court referenced section 147 and Explanation 2(b) to support its decision, dismissing the petitioner's challenge and affirming the legality of the notice. en-us Fri, 07 Apr 1995 00:00:00 +0530 Thu, 05 Nov 2009 16:21:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19353 The court upheld the validity of the notice issued under section 148 of the Income-tax Act, 1961, despite the absence of prior assessments under sections 143(1)(a) or 143(3). It was determined that the Assessing Officer had sufficient grounds to believe income had escaped assessment, as evidenced by recorded reasons. The court referenced section 147 and Explanation 2(b) to support its decision, dismissing the petitioner's challenge and affirming the legality of the notice. Case-Laws Income Tax Fri, 07 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19353