https://www.taxtmi.com/caselaws?id=22741 The court quashed the notice under section 148 of the Income-tax Act and the consequential letter due to insufficient disclosure of grounds for reassessment and inadequate justification based on a legal judgment cited by the Revenue. The lack of valid information for reopening assessments under section 147(b) rendered the process legally unsound, leading the court to rule in favor of the petitioners in challenging the reassessment for the assessment year 1977-78. en-us Mon, 17 Jul 1989 00:00:00 +0530 Sat, 12 Dec 2009 16:01:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22741 The court quashed the notice under section 148 of the Income-tax Act and the consequential letter due to insufficient disclosure of grounds for reassessment and inadequate justification based on a legal judgment cited by the Revenue. The lack of valid information for reopening assessments under section 147(b) rendered the process legally unsound, leading the court to rule in favor of the petitioners in challenging the reassessment for the assessment year 1977-78. Case-Laws Income Tax Mon, 17 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22741