https://www.taxtmi.com/caselaws?id=390644 The court upheld the validity of the notice issued under Section 148 of the Income Tax Act, finding that the Assessing Officer had reasonable grounds to believe that income had escaped assessment due to non-genuine transactions with a specific entity. The court dismissed the petition, imposed costs on the petitioner, and directed the AO to independently frame the reassessment order without being influenced by the court's observations. en-us Fri, 20 Dec 2019 00:00:00 +0530 Fri, 09 Oct 2020 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390644 The court upheld the validity of the notice issued under Section 148 of the Income Tax Act, finding that the Assessing Officer had reasonable grounds to believe that income had escaped assessment due to non-genuine transactions with a specific entity. The court dismissed the petition, imposed costs on the petitioner, and directed the AO to independently frame the reassessment order without being influenced by the court's observations. Case-Laws Income Tax Fri, 20 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390644