https://www.taxtmi.com/caselaws?id=25570 The High Court ruled in favor of the assessee, holding that the initiation of proceedings under section 147(a) of the Income-tax Act was unjustified as the Income-tax Officer lacked sufficient reasons to believe that income had escaped assessment. Additionally, the Court upheld the deletion of Rs. 3,06,093 from the assessee's income, as the Revenue failed to establish the concealment of income and did not provide the assessee with an opportunity to contest the evidence against him. en-us Thu, 04 Dec 1986 00:00:00 +0530 Fri, 29 Jan 2010 15:09:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25570 The High Court ruled in favor of the assessee, holding that the initiation of proceedings under section 147(a) of the Income-tax Act was unjustified as the Income-tax Officer lacked sufficient reasons to believe that income had escaped assessment. Additionally, the Court upheld the deletion of Rs. 3,06,093 from the assessee's income, as the Revenue failed to establish the concealment of income and did not provide the assessee with an opportunity to contest the evidence against him. Case-Laws Income Tax Thu, 04 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25570