https://www.taxtmi.com/caselaws?id=295260 The court found that the reasons recorded for issuing the notice under Section 148 of the Income-Tax Act did not demonstrate a reasonable belief that income had escaped assessment. The court concluded that the notice was without jurisdiction as it lacked specific details regarding the amount of tax that had escaped assessment. An interim stay was granted on the notice until the final disposal of the petition. The respondent's counsel waived the service of notice during the proceedings. en-us Fri, 06 Jul 2018 00:00:00 +0530 Wed, 26 May 2021 08:40:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295260 The court found that the reasons recorded for issuing the notice under Section 148 of the Income-Tax Act did not demonstrate a reasonable belief that income had escaped assessment. The court concluded that the notice was without jurisdiction as it lacked specific details regarding the amount of tax that had escaped assessment. An interim stay was granted on the notice until the final disposal of the petition. The respondent's counsel waived the service of notice during the proceedings. Case-Laws Income Tax Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295260