https://www.taxtmi.com/caselaws?id=25526 The court upheld the validity of the notice issued by the Income-tax Officer, ruling that it was timely and validly issued within the permissible eight-year period with the Commissioner's sanction. The court found that the Income-tax Officer had sufficient "reason to believe" that income had escaped assessment due to non-disclosure of material facts by the petitioner, justifying the notice. Additionally, the court determined that the reasons disclosed for the action were relevant and had a rational connection to the belief formed by the Income-tax Officer. The Commissioner's satisfaction for the notice issuance was also deemed adequate. The petition was dismissed, and the petitioner was directed to pay costs of Rs. 1,000. en-us Wed, 03 Dec 1986 00:00:00 +0530 Fri, 29 Jan 2010 12:21:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25526 The court upheld the validity of the notice issued by the Income-tax Officer, ruling that it was timely and validly issued within the permissible eight-year period with the Commissioner's sanction. The court found that the Income-tax Officer had sufficient "reason to believe" that income had escaped assessment due to non-disclosure of material facts by the petitioner, justifying the notice. Additionally, the court determined that the reasons disclosed for the action were relevant and had a rational connection to the belief formed by the Income-tax Officer. The Commissioner's satisfaction for the notice issuance was also deemed adequate. The petition was dismissed, and the petitioner was directed to pay costs of Rs. 1,000. Case-Laws Income Tax Wed, 03 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25526