https://www.taxtmi.com/caselaws?id=404093 The court dismissed the writ applications challenging the notice issued under Section 148 of the Income Tax Act, 1961, for the Assessment Year 2012-13. The court held that the Assessing Officer had valid reasons and tangible material, based on seized documents indicating unaccounted cash transactions, to reopen the assessments under Section 148. The court clarified that Section 153C was not applicable as the seized documents did not belong to the petitioners. Procedural requirements for reopening the assessment were found to be duly followed, leading to the court's decision not to interfere with the notices issued under Section 148. en-us Mon, 01 Feb 2021 00:00:00 +0530 Mon, 15 Feb 2021 13:54:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404093 The court dismissed the writ applications challenging the notice issued under Section 148 of the Income Tax Act, 1961, for the Assessment Year 2012-13. The court held that the Assessing Officer had valid reasons and tangible material, based on seized documents indicating unaccounted cash transactions, to reopen the assessments under Section 148. The court clarified that Section 153C was not applicable as the seized documents did not belong to the petitioners. Procedural requirements for reopening the assessment were found to be duly followed, leading to the court's decision not to interfere with the notices issued under Section 148. Case-Laws Income Tax Mon, 01 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404093