https://www.taxtmi.com/caselaws?id=24848 The court allowed the appeal and granted the writ petition, ruling that the notice issued under section 148 of the Income-tax Act was invalid. The court held that the reasons recorded for reopening the assessment were inadequate and did not establish a direct nexus between the material and the belief of income escapement. Additionally, the court found the notice to be time-barred under the limitation period. An order of mandamus was issued to restrain the respondents from acting on the notice, and any assessment based on it was deemed ineffective. No costs were awarded. en-us Fri, 19 Feb 1988 00:00:00 +0530 Tue, 02 Feb 2016 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24848 The court allowed the appeal and granted the writ petition, ruling that the notice issued under section 148 of the Income-tax Act was invalid. The court held that the reasons recorded for reopening the assessment were inadequate and did not establish a direct nexus between the material and the belief of income escapement. Additionally, the court found the notice to be time-barred under the limitation period. An order of mandamus was issued to restrain the respondents from acting on the notice, and any assessment based on it was deemed ineffective. No costs were awarded. Case-Laws Income Tax Fri, 19 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24848