https://www.taxtmi.com/caselaws?id=19360 The court dismissed the writ petition challenging the notice under Section 147 of the Income-tax Act, 1961, finding that the Income-tax Officer had valid grounds for reassessment based on fresh information indicating non-disclosure of material facts by the assessee. The court emphasized the need for the Income-tax Officer's belief to be rational and supported by specific information, directing the completion of proceedings within three months while upholding the legality of the notice issued. en-us Thu, 08 Dec 1994 00:00:00 +0530 Thu, 05 Nov 2009 16:36:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19360 The court dismissed the writ petition challenging the notice under Section 147 of the Income-tax Act, 1961, finding that the Income-tax Officer had valid grounds for reassessment based on fresh information indicating non-disclosure of material facts by the assessee. The court emphasized the need for the Income-tax Officer's belief to be rational and supported by specific information, directing the completion of proceedings within three months while upholding the legality of the notice issued. Case-Laws Income Tax Thu, 08 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19360