https://www.taxtmi.com/caselaws?id=22958 The court upheld the validity of the notices issued under sections 142(1) and 143(2) of the Income-tax Act as part of the summary assessment scheme. It emphasized the importance of assessees reciprocating the trust placed in them by the scheme and dismissed the writ petitions, stating that assessees cannot claim exceptional treatment unless arbitrariness or mala fides are proven. The court clarified the distinction between sections 143(2)(b) and 147, highlighting the necessity of prior approval for exercising power under section 143(2)(b) and the scheme's reliance on assessees' honesty to deter incorrect returns. en-us Fri, 04 Jan 1991 00:00:00 +0530 Fri, 29 Jul 2016 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22958 The court upheld the validity of the notices issued under sections 142(1) and 143(2) of the Income-tax Act as part of the summary assessment scheme. It emphasized the importance of assessees reciprocating the trust placed in them by the scheme and dismissed the writ petitions, stating that assessees cannot claim exceptional treatment unless arbitrariness or mala fides are proven. The court clarified the distinction between sections 143(2)(b) and 147, highlighting the necessity of prior approval for exercising power under section 143(2)(b) and the scheme's reliance on assessees' honesty to deter incorrect returns. Case-Laws Income Tax Fri, 04 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22958