https://www.taxtmi.com/caselaws?id=23456 The court allowed the petition challenging the notice issued by the Income-tax Officer under sections 148/147(b) of the Income-tax Act, 1961, for the assessment year 1982-83. The withdrawal of approval for deduction under section 35(1)(ii) for a donation with retrospective effect was deemed invalid. The court emphasized the need for a rational connection between the material forming the basis of belief and the belief formation. As the retrospective cancellation of approval was found unreliable, the belief of income escaping assessment was unjustified. The petition was allowed in favor of the petitioners. en-us Fri, 16 Mar 1990 00:00:00 +0530 Sat, 19 Dec 2009 13:52:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23456 The court allowed the petition challenging the notice issued by the Income-tax Officer under sections 148/147(b) of the Income-tax Act, 1961, for the assessment year 1982-83. The withdrawal of approval for deduction under section 35(1)(ii) for a donation with retrospective effect was deemed invalid. The court emphasized the need for a rational connection between the material forming the basis of belief and the belief formation. As the retrospective cancellation of approval was found unreliable, the belief of income escaping assessment was unjustified. The petition was allowed in favor of the petitioners. Case-Laws Income Tax Fri, 16 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23456